CitroTech (NYSEAMERICAN:CITR) Shares Down 2.8% – Time to Sell?

CitroTech Inc. (NYSEAMERICAN:CITR)’s share price dropped 2.8% during mid-day trading on Friday . The company traded as low as $6.00 and last traded at $6.48. Approximately 80,914 shares were traded during mid-day trading, an increase of 132% from the average daily volume of 34,860 shares. The stock had previously closed at $6.67.

CitroTech Stock Performance

The firm’s 50 day moving average is $7.60 and its 200 day moving average is $7.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.73 and a current ratio of 1.97. The stock has a market cap of $144.89 million, a P/E ratio of -1.90 and a beta of 7.31.

CitroTech (NYSEAMERICAN:CITR) last announced its earnings results on Thursday, May 14th. The company reported ($0.33) earnings per share for the quarter. CitroTech had a negative net margin of 1,829.60% and a negative return on equity of 315.55%. The firm had revenue of $0.34 million during the quarter.

Institutional Trading of CitroTech

A number of institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new position in CitroTech during the 1st quarter worth $1,046,000. Coastal Bridge Advisors LLC purchased a new stake in CitroTech in the fourth quarter valued at about $108,000. Finally, T3 Companies LLC purchased a new stake in CitroTech in the fourth quarter valued at about $274,000.

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.