Hut 8 (TSE:HUT) Raised to Strong-Buy at Maxim Group

Hut 8 (TSE:HUT) was upgraded by research analysts at Maxim Group to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other research analysts have also weighed in on HUT. Rosenblatt Securities raised Hut 8 to a “strong-buy” rating in a report on Friday, March 7th. BTIG Research raised shares of Hut 8 to a “strong-buy” rating in a research note on Monday, April 14th. Keefe, Bruyette & Woods upgraded shares of Hut 8 to a “moderate buy” rating in a research note on Wednesday, January 8th. Finally, Northland Capmk upgraded shares of Hut 8 to a “strong-buy” rating in a research report on Monday, April 21st. Seven equities research analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, Hut 8 currently has a consensus rating of “Strong Buy”.

Hut 8 Stock Up 2.1 %

HUT stock opened at C$19.07 on Thursday. The stock has a fifty day moving average of C$17.87 and a 200-day moving average of C$26.88. Hut 8 has a fifty-two week low of C$10.53 and a fifty-two week high of C$45.20. The company has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 4.67 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.