Hut 8 (TSE:HUT) Upgraded at Rosenblatt Securities

Rosenblatt Securities upgraded shares of Hut 8 (TSE:HUT) to a strong-buy rating in a research report released on Friday,Zacks.com reports.

Several other research firms have also weighed in on HUT. Keefe, Bruyette & Woods upgraded shares of Hut 8 to a “moderate buy” rating in a research note on Wednesday, January 8th. Cantor Fitzgerald upgraded shares of Hut 8 to a “strong-buy” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a strong buy rating, According to MarketBeat.com, Hut 8 presently has an average rating of “Strong Buy”.

Hut 8 Stock Performance

TSE:HUT opened at C$19.40 on Friday. The company has a fifty day moving average of C$29.90 and a 200-day moving average of C$26.49. The firm has a market capitalization of C$1.29 billion, a P/E ratio of 4.75 and a beta of 3.45. The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 55.87. Hut 8 has a twelve month low of C$9.15 and a twelve month high of C$45.20.

About Hut 8

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.