Dockside LLC Buys New Stake in Hut 8 Corp. $HUT

Dockside LLC purchased a new position in Hut 8 Corp. (TSE:HUT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,252 shares of the company’s stock, valued at approximately $722,000.

Analyst Upgrades and Downgrades

HUT has been the subject of several research reports. Maxim Group upgraded shares of Hut 8 to a “strong-buy” rating in a research report on Wednesday, August 5th. Jefferies Financial Group upgraded shares of Hut 8 to a “strong-buy” rating in a report on Thursday, May 14th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Hut 8 Stock Performance

TSE HUT opened at C$118.59 on Friday. The business’s 50 day moving average price is C$149.06 and its 200-day moving average price is C$115.57. Hut 8 Corp. has a fifty-two week low of C$28.71 and a fifty-two week high of C$194.28. The company has a market cap of C$13.35 billion, a P/E ratio of -21.96 and a beta of 4.58. The company has a debt-to-equity ratio of 30.65, a quick ratio of 1.25 and a current ratio of 0.86.

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.