CDT Environmental Technology Investment (NASDAQ:CDTG) Stock Rating Lowered by Wall Street Zen

CDT Environmental Technology Investment (NASDAQ:CDTG) was downgraded by research analysts at Wall Street Zen to a “strong sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings downgraded CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, CDT Environmental Technology Investment presently has an average rating of “Sell”.

CDT Environmental Technology Investment Stock Performance

CDTG stock opened at $2.09 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average price is $1.78 and its 200-day moving average price is $5.85. CDT Environmental Technology Investment has a one year low of $0.73 and a one year high of $53.25.

CDT Environmental Technology Investment (NASDAQ:CDTG) last issued its quarterly earnings data on Friday, May 15th. The company reported ($9.13) earnings per share for the quarter. The company had revenue of $5.45 million during the quarter.

CDT Environmental Technology Investment Company Profile

CDT Environmental Technology Investment Ltd, incorporated in the Cayman Islands, is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the ticker symbol CDTG. The company was formed to raise capital through an initial public offering with the primary objective of identifying and combining with one or more businesses in the environmental technology sector.

Until it completes a business combination, CDT Environmental Technology Investment has no ongoing operations and holds the proceeds of its IPO in a trust account.