CitroTech (NYSEAMERICAN:CITR) Now Covered by Analysts at Northland Securities

Investment analysts at Northland Securities began coverage on shares of CitroTech (NYSEAMERICAN:CITR) in a note issued to investors on Thursday. The firm set an “outperform” rating and a $16.00 price target on the stock. Northland Securities’ target price suggests a potential upside of 157.65% from the company’s current price.

CitroTech Stock Down 1.6%

CITR stock opened at $6.21 on Thursday. CitroTech has a 52 week low of $5.01 and a 52 week high of $17.20. The company has a quick ratio of 1.73, a current ratio of 1.97 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $7.43 and a 200-day simple moving average of $7.64. The stock has a market capitalization of $138.86 million, a P/E ratio of -1.82 and a beta of 7.31.

CitroTech (NYSEAMERICAN:CITR) last issued its quarterly 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 company had revenue of $0.34 million during the quarter.

Institutional Investors Weigh In On CitroTech

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Coastal Bridge Advisors LLC acquired a new stake in shares of CitroTech in the fourth quarter valued at about $108,000. Fifth Third Bancorp acquired a new position in CitroTech during the first quarter worth about $1,046,000. Finally, T3 Companies LLC acquired a new stake in CitroTech in the 4th 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.