Hut 8 (TSE:HUT) Stock Price Down 12.1%

Shares of Hut 8 Corp. (TSE:HUTGet Free Report) traded down 12.1% during trading on Tuesday . The company traded as low as C$12.77 and last traded at C$12.91. 323,795 shares changed hands during trading, a decline of 79% from the average session volume of 1,527,106 shares. The stock had previously closed at C$14.68.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “sell” rating on shares of Hut 8 in a research report on Tuesday, February 6th.

View Our Latest Stock Analysis on HUT

Hut 8 Stock Down 13.3 %

The company has a quick ratio of 1.26, a current ratio of 1.99 and a debt-to-equity ratio of 613.95. The company has a market capitalization of C$1.13 billion, a P/E ratio of -11.93 and a beta of 3.45. The firm has a 50-day moving average price of C$11.37 and a two-hundred day moving average price of C$8.95.

About Hut 8

(Get Free Report)

Hut 8 Corp. provides digital asset mining and high-performance computing infrastructure solutions in Canada. It operates computing infrastructure sites mines Bitcoin, as well as delivers cloud, colocation, and computing services to enterprise customers. The company was founded in 2017 and is based in Miami, Florida.

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