Hut 8 (TSE:HUT) Shares Down 6.5%

Hut 8 Corp. (TSE:HUT) shares fell 6.5% during mid-day trading on Wednesday . The stock traded as low as C$12.30 and last traded at C$12.31. 1,358,527 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 1,434,276 shares. The stock had previously closed at C$13.17.

Analyst Ratings Changes

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

Hut 8 Stock Down 0.5 %

The firm’s 50 day moving average is C$11.76 and its two-hundred day moving average is C$10.05. The stock has a market cap of C$1.07 billion, a price-to-earnings ratio of -11.34 and a beta of 3.45. The company has a current ratio of 1.99, a quick ratio of 1.26 and a debt-to-equity ratio of 613.95.

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.