Hut 8 Corp. (TSE:HUT) Receives Average Recommendation of “Strong Buy” from Brokerages

Hut 8 Corp. (TSE:HUT) has been assigned a consensus rating of “Strong Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a buy rating and seven have assigned a strong buy rating to the company.

Separately, Keefe, Bruyette & Woods upgraded shares of Hut 8 to a “moderate buy” rating in a research note on Tuesday, January 27th.

Hut 8 Trading Down 8.2%

TSE HUT opened at C$76.09 on Thursday. Hut 8 has a one year low of C$14.28 and a one year high of C$89.34. The company has a debt-to-equity ratio of 55.87, a current ratio of 1.68 and a quick ratio of 1.26. The stock’s 50-day moving average is C$69.37 and its 200-day moving average is C$54.60. The firm has a market cap of C$8.22 billion, a P/E ratio of 40.69 and a beta of 4.58.

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.