Hut 8 (TSE:HUT) Stock Rating Upgraded by Jefferies Financial Group

Hut 8 (TSE:HUT – Get Free Report) was upgraded by research analysts at Jefferies Financial Group to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

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

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Hut 8 Stock Up 1.1%

HUT stock opened at C$149.96 on Thursday. Hut 8 has a 52-week low of C$20.35 and a 52-week high of C$153.85. The company’s 50 day simple moving average is C$90.42 and its 200-day simple moving average is C$76.29. The company has a debt-to-equity ratio of 30.65, a current ratio of 0.86 and a quick ratio of 1.26. The firm has a market capitalization of C$16.88 billion, a P/E ratio of -53.18 and a beta of 4.58.

Hut 8 Company Profile

(Get Free Report)

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.

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