Castellum (NYSEAMERICAN:CTM) Trading Up 3.6% – Should You Buy?

Castellum, Inc. (NYSEAMERICAN:CTM)’s share price rose 3.6% during mid-day trading on Monday . The company traded as high as $0.8781 and last traded at $0.8781. Approximately 1,201,892 shares were traded during trading, a decline of 46% from the average daily volume of 2,221,644 shares. The stock had previously closed at $0.8479.

Castellum Trading Up 3.6%

The company has a market cap of $83.16 million, a P/E ratio of -87.81 and a beta of -6.89. The business has a 50 day moving average price of $0.69 and a 200-day moving average price of $0.88.

Castellum (NYSEAMERICAN:CTM) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.01). Castellum had a negative return on equity of 4.50% and a negative net margin of 2.85%.The company had revenue of $14.29 million for the quarter, compared to the consensus estimate of $13.10 million.

Institutional Investors Weigh In On Castellum

A number of institutional investors and hedge funds have recently made changes to their positions in CTM. Cubist Systematic Strategies LLC bought a new stake in shares of Castellum during the 1st quarter worth approximately $72,000. Geode Capital Management LLC raised its stake in Castellum by 43.2% in the 2nd quarter. Geode Capital Management LLC now owns 599,198 shares of the company’s stock valued at $629,000 after acquiring an additional 180,673 shares during the period. XTX Topco Ltd raised its stake in Castellum by 107.6% in the 2nd quarter. XTX Topco Ltd now owns 135,796 shares of the company’s stock valued at $143,000 after acquiring an additional 70,377 shares during the period. Jane Street Group LLC bought a new stake in Castellum in the 2nd quarter valued at $204,000. Finally, Meridian Wealth Management LLC raised its stake in Castellum by 11.0% in the 3rd quarter. Meridian Wealth Management LLC now owns 684,600 shares of the company’s stock valued at $746,000 after acquiring an additional 67,800 shares during the period. Institutional investors own 3.39% of the company’s stock.

About Castellum

Castellum AB is a Sweden?based real estate company specializing in the ownership, management and development of commercial properties. The company’s primary focus is on office premises and logistics facilities situated in attractive growth regions across Sweden and the broader Öresund area. With a strategic emphasis on long?term leases and strong tenant relationships, Castellum aims to deliver stable rental income and capital appreciation over time.

Founded in 1940 and headquartered in Gothenburg, Castellum has grown through a combination of land acquisitions, property development and selective portfolio divestments.