Hut 8 (TSE:HUT) Upgraded by Jefferies Financial Group to “Strong-Buy” Rating

Jefferies Financial Group upgraded shares of Hut 8 (TSE:HUT) to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Keefe, Bruyette & Woods raised Hut 8 to a “moderate buy” rating in a report on Tuesday, January 27th. HC Wainwright raised Hut 8 to a “strong-buy” rating in a research report on Monday, February 2nd. Four research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Hut 8 Stock Performance

Hut 8 stock opened at C$149.96 on Thursday. Hut 8 has a twelve month low of C$20.35 and a twelve month high of C$153.85. The company has a quick ratio of 1.26, a current ratio of 0.86 and a debt-to-equity ratio of 30.65. The company has a market capitalization of C$16.88 billion, a P/E ratio of -53.18 and a beta of 4.58. The stock’s 50 day moving average is C$90.42 and its 200 day moving average is C$76.29.

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.