Hut 8 (TSE:HUT) Upgraded by HC Wainwright to Strong-Buy Rating

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

Separately, Keefe, Bruyette & Woods upgraded Hut 8 to a “moderate buy” rating in a research note on Tuesday, January 27th. Eight research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Hut 8 Stock Up 0.9%

Shares of TSE HUT opened at C$76.76 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 55.87. The firm has a market cap of C$8.29 billion, a PE ratio of 41.05 and a beta of 4.58. The company’s fifty day simple moving average is C$69.80 and its 200 day simple moving average is C$55.10. Hut 8 has a 12-month low of C$14.28 and a 12-month high of C$89.34.

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.