CitroTech (NYSEAMERICAN:CITR) Trading Down 2% – Time to Sell?

CitroTech Inc. (NYSEAMERICAN:CITR – Get Free Report) shares fell 2% on Tuesday . The company traded as low as $6.80 and last traded at $6.83. 36,510 shares were traded during trading, a decline of 29% from the average session volume of 51,281 shares. The stock had previously closed at $6.97.

CitroTech Trading Down 2.0%

The firm has a market capitalization of $130.79 million, a price-to-earnings ratio of -2.00 and a beta of 7.53. The business’s 50-day simple moving average is $8.24 and its two-hundred day simple moving average is $7.99. The company has a quick ratio of 3.13, a current ratio of 3.42 and a debt-to-equity ratio of 0.01.

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CitroTech (NYSEAMERICAN:CITR – Get Free Report) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.08) earnings per share for the quarter. CitroTech had a negative net margin of 1,547.17% and a negative return on equity of 443.23%. The company had revenue of $0.44 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CITR. T3 Companies LLC acquired a new position in shares of CitroTech in the fourth quarter valued at approximately $274,000. Coastal Bridge Advisors LLC acquired a new position in shares of CitroTech in the fourth quarter valued at approximately $108,000. Finally, Fifth Third Bancorp acquired a new position in shares of CitroTech in the first quarter valued at approximately $1,046,000.

About CitroTech

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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.

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