6,252 Shares in Hut 8 Corp. $HUT Purchased by Dockside LLC

Dockside LLC purchased a new stake in shares of Hut 8 Corp. (TSE:HUT) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 6,252 shares of the company’s stock, valued at approximately $722,000.

Hut 8 Trading Up 2.4%

HUT stock opened at C$118.59 on Friday. Hut 8 Corp. has a 12 month low of C$28.71 and a 12 month high of C$194.28. The firm’s 50-day moving average is C$149.06 and its 200 day moving average is C$115.57. The company has a market capitalization of C$13.35 billion, a PE ratio of -21.96 and a beta of 4.58. The company has a debt-to-equity ratio of 30.65, a current ratio of 0.86 and a quick ratio of 1.25.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HUT. Jefferies Financial Group upgraded Hut 8 to a “strong-buy” rating in a research report on Thursday, May 14th. Maxim Group raised Hut 8 to a “strong-buy” rating in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

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.