Hut 8 (TSE:HUT) Upgraded to Strong-Buy at Northland Capmk

Northland Capmk upgraded shares of Hut 8 (TSE:HUT) to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

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

Hut 8 Price Performance

Shares of TSE:HUT opened at C$14.71 on Monday. The company’s fifty day moving average is C$19.48 and its 200 day moving average is C$26.91. The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 55.87. Hut 8 has a 52 week low of C$10.53 and a 52 week high of C$45.20. The stock has a market cap of C$978.97 million, a PE ratio of 3.60 and a beta of 3.45.

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.