Northland Capmk Upgrades Hut 8 (TSE:HUT) to “Strong-Buy”

Hut 8 (TSE:HUT) was upgraded by research analysts at Northland Capmk to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts also recently commented on HUT. Keefe, Bruyette & Woods raised Hut 8 to a “moderate buy” rating in a report on Wednesday, January 8th. BTIG Research upgraded shares of Hut 8 to a “strong-buy” rating in a report on Monday, April 14th. Finally, Rosenblatt Securities raised shares of Hut 8 to a “strong-buy” rating in a research report on Friday, March 7th. Six research analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Hut 8 Price Performance

TSE HUT opened at C$16.30 on Monday. Hut 8 has a 1 year low of C$10.53 and a 1 year high of C$45.20. The business’s fifty day moving average is C$19.22 and its two-hundred day moving average is C$26.91. The stock has a market capitalization of C$1.08 billion, a P/E ratio of 3.99 and a beta of 3.45. The company has a debt-to-equity ratio of 55.87, a quick ratio of 1.26 and a current ratio of 1.68.

Hut 8 Company Profile

Hut 8 Mining Corp is North America’s innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin’s market direction.