CitroTech (NYSEAMERICAN:CITR) Trading Down 0.5% – Should You Sell?

CitroTech Inc. (NYSEAMERICAN:CITR) dropped 0.5% on Tuesday . The stock traded as low as $5.75 and last traded at $5.90. 21,692 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 51,816 shares. The stock had previously closed at $5.93.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CITR shares. Northland Securities initiated coverage on CitroTech in a research report on Thursday, June 11th. They issued an “outperform” rating and a $16.00 price target for the company. Zacks Research raised shares of CitroTech to a “hold” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.00.

CitroTech Trading Down 0.5%

The company has a current ratio of 1.97, a quick ratio of 1.73 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $6.47 and a 200-day moving average of $7.43. The stock has a market cap of $131.92 million, a PE ratio of -1.73 and a beta of 7.41.

CitroTech (NYSEAMERICAN:CITR) last announced its earnings results on Thursday, May 14th. The company reported ($0.33) EPS for the quarter. The company had revenue of $0.34 million for the quarter. CitroTech had a negative net margin of 1,829.60% and a negative return on equity of 315.55%. On average, analysts anticipate that CitroTech Inc. will post -0.97 EPS for the current year.

Institutional Trading of CitroTech

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Coastal Bridge Advisors LLC purchased a new stake in CitroTech during the 4th quarter worth about $108,000. T3 Companies LLC purchased a new position in CitroTech in the 4th quarter valued at about $274,000. Finally, Fifth Third Bancorp purchased a new position in CitroTech in the 1st quarter valued at about $1,046,000.

CitroTech Company Profile

General Enterprise Ventures, Inc, an integrated technology company, provides crypto-currency mining services in Wyoming. It focuses on the home essentials technology sector. The company was formerly known as General Entertainment Ventures, Inc and changed its name to General Enterprise Ventures, Inc in October 2021. General Enterprise Ventures, Inc was incorporated in 1990 and is based in Cheyenne, Wyoming.