Hut 8 Corp. (TSE:HUT) Given Consensus Recommendation of “Strong Buy” by Brokerages

Shares of Hut 8 Corp. (TSE:HUT) have earned a consensus rating of “Strong Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a buy recommendation and seven have given a strong buy recommendation to the company.

Several research firms have recently issued reports on HUT. HC Wainwright raised shares of Hut 8 to a “strong-buy” rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods raised Hut 8 to a “moderate buy” rating in a report on Tuesday, January 27th.

Hut 8 Stock Up 0.8%

Shares of Hut 8 stock opened at C$73.25 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.09 and a debt-to-equity ratio of 31.34. Hut 8 has a 52-week low of C$14.28 and a 52-week high of C$89.34. The company has a market capitalization of C$8.12 billion, a P/E ratio of -34.23 and a beta of 4.58. The company has a 50 day moving average of C$73.91 and a 200 day moving average of C$65.28.

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.