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

Shares of CitroTech Inc. (NYSEAMERICAN:CITR) fell 2.8% on Friday . The stock traded as low as $6.00 and last traded at $6.48. 80,914 shares traded hands during mid-day trading, an increase of 132% from the average session volume of 34,860 shares. The stock had previously closed at $6.67.

CitroTech Trading Down 2.8%

The stock’s 50 day moving average is $7.60 and its two-hundred day moving average is $7.69. The company has a market capitalization of $144.89 million, a PE ratio of -1.90 and a beta of 7.31. The company has a quick ratio of 1.73, a current ratio of 1.97 and a debt-to-equity ratio of 0.01.

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

Hedge Funds Weigh In On CitroTech

Large investors have recently bought and sold shares of the business. Coastal Bridge Advisors LLC purchased a new stake in CitroTech during the fourth quarter worth $108,000. T3 Companies LLC bought a new stake in CitroTech during the 4th quarter valued at $274,000. Finally, Fifth Third Bancorp purchased a new position in shares of CitroTech in the 1st quarter valued at $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.