Hut 8 (TSE:HUT) Trading Down 12.1%

Hut 8 Corp. (TSE:HUT) shares traded down 12.1% on Tuesday . The stock traded as low as C$12.77 and last traded at C$12.91. 323,795 shares were traded during mid-day 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 Ratings Changes

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

Hut 8 Trading Up 3.2 %

The company’s fifty day moving average price is C$11.55 and its two-hundred day moving average price is C$9.05. The company has a current ratio of 1.99, a quick ratio of 1.26 and a debt-to-equity ratio of 613.95. The firm has a market cap of C$1.17 billion, a P/E ratio of -12.38 and a beta of 3.45.

Hut 8 Company Profile

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.