Hut 8 (TSE:HUT – Get Free Report) will be posting its quarterly earnings results before the market opens on Wednesday, May 15th. Analysts expect Hut 8 to post earnings of C($0.08) per share for the quarter.
Hut 8 Stock Down 6.9 %
HUT opened at C$11.26 on Wednesday. Hut 8 has a 12 month low of C$8.35 and a 12 month high of C$29.90. The company has a debt-to-equity ratio of 613.95, a current ratio of 0.55 and a quick ratio of 1.26. The stock has a market cap of C$1.01 billion, a P/E ratio of -10.52 and a beta of 3.45. The stock’s 50 day moving average price is C$11.67 and its 200 day moving average price is C$10.53.
Wall Street Analyst Weigh In
Separately, HC Wainwright reaffirmed a “sell” rating on shares of Hut 8 in a research report on Tuesday, February 6th.
About Hut 8
Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.
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