Shares of Hut 8 Corp. (TSE:HUT – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$28.50 and last traded at C$28.25, with a volume of 1146343 shares trading hands. The stock had previously closed at C$27.25.
Analyst Upgrades and Downgrades
Separately, Craig Hallum upgraded Hut 8 from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 16th.
Check Out Our Latest Research Report on Hut 8
Hut 8 Trading Down 7.9 %
Hut 8 (TSE:HUT – Get Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The company reported C($0.23) earnings per share for the quarter, missing the consensus estimate of C($0.08) by C($0.15). Hut 8 had a negative return on equity of 122.68% and a net margin of 156.36%. The business had revenue of C$69.75 million during the quarter, compared to the consensus estimate of C$72.44 million. Equities analysts anticipate that Hut 8 Corp. will post -0.52 earnings per share for the current year.
About Hut 8
Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.
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