Hut 8 (TSE:HUT) Shares Down 6.5%

Hut 8 Corp. (TSE:HUT) traded down 6.5% on Wednesday . The stock traded as low as C$12.30 and last traded at C$12.31. 1,358,527 shares traded hands during trading, a decline of 5% from the average session volume of 1,434,276 shares. The stock had previously closed at C$13.17.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “sell” rating on shares of Hut 8 in a research report on Tuesday, February 6th.

Hut 8 Stock Performance

The company has a market capitalization of C$1.10 billion, a P/E ratio of -11.61 and a beta of 3.45. The firm has a 50 day moving average price of C$11.82 and a two-hundred day moving average price of C$9.98. The company has a debt-to-equity ratio of 613.95, a quick ratio of 1.26 and a current ratio of 1.99.

Hut 8 Company Profile

Hut 8 Corp. provides digital asset mining and high-performance computing infrastructure solutions in Canada. It operates computing infrastructure sites mines Bitcoin, as well as delivers cloud, colocation, and computing services to enterprise customers. The company was founded in 2017 and is based in Miami, Florida.