Hut 8 Corp. (TSE:HUT) Receives Consensus Recommendation of “Strong Buy” from Analysts

Shares of Hut 8 Corp. (TSE:HUT) have received a consensus recommendation of “Strong Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a buy rating and seven have issued a strong buy rating on the company.

Separately, Keefe, Bruyette & Woods raised Hut 8 to a “moderate buy” rating in a research report on Tuesday.

Hut 8 Trading Up 4.3%

TSE:HUT opened at C$87.57 on Thursday. The company has a 50-day moving average price of C$68.11 and a 200-day moving average price of C$53.91. The stock has a market cap of C$9.46 billion, a price-to-earnings ratio of 46.83 and a beta of 4.58. The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 55.87. 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.