CitroTech (NYSEAMERICAN:CITR) Shares Climb 5.7% – Still a Buy?

Shares of CitroTech Inc. (NYSEAMERICAN:CITR) rose 5.7% on Wednesday. The company traded as high as $3.01 and last traded at $2.95. Approximately 84,311 shares traded hands during trading, an increase of 75% from the average session volume of 48,141 shares. The stock had previously closed at $2.79.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Zacks Research raised CitroTech to a “hold” rating in a research note on Friday, June 12th. Northland Securities started coverage on CitroTech in a research report on Thursday, June 11th. They set an “outperform” rating and a $16.00 target price on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

CitroTech Stock Performance

The firm has a market cap of $65.66 million, a P/E ratio of -0.85 and a beta of 7.29. The company has a current ratio of 8.77, a quick ratio of 7.39 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $5.35 and its two-hundred day moving average is $6.43.

CitroTech (NYSEAMERICAN:CITR) last issued its quarterly earnings data on Saturday, August 8th. The company reported ($0.18) EPS for the quarter. CitroTech had a negative return on equity of 232.61% and a negative net margin of 1,788.52%.The company had revenue of $0.28 million for the quarter. As a group, equities analysts predict that CitroTech Inc. will post -0.88 EPS for the current fiscal year.

Insider Transactions at CitroTech

In related news, CTO Stephen Conboy sold 275,001 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $3.00, for a total transaction of $825,003.00. Following the completion of the sale, the chief technology officer owned 2,060,557 shares in the company, valued at approximately $6,181,671. This represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 31.00% of the company’s stock.

Hedge Funds Weigh In On CitroTech

A number of hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC grew its stake in shares of CitroTech by 200.1% in the 2nd quarter. FNY Investment Advisers LLC now owns 27,715 shares of the company’s stock worth $152,000 after acquiring an additional 18,481 shares in the last quarter. T3 Companies LLC bought a new position in shares of CitroTech during the fourth quarter valued at about $274,000. Finally, Fifth Third Bancorp bought a new position in shares of CitroTech during the first quarter valued at about $1,046,000.

About CitroTech

CitroTech Inc manufactures and sells fire inhibitor products in the United States and Canada. The company also offers lumber treatment and spraying solutions, as well as develops wildfire defense systems on residential and commercial properties under the CitroSafe Systems brand name. It serves wildland fire, residential home protection, wood products, ground application, lumber and building materials, and construction industries; homeowners; governments; and agencies. The company was formerly known as General Enterprise Ventures, Inc and changed its name to CitroTech Inc in January 2026.