Castellum (NYSEAMERICAN:CTM) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Castellum (NYSEAMERICAN:CTM) announced its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02), FiscalAI reports. Castellum had a negative net margin of 4.13% and a negative return on equity of 6.32%. The business had revenue of $14.70 million during the quarter, compared to the consensus estimate of $14.90 million.

Castellum Trading Down 19.9%

NYSEAMERICAN CTM traded down $0.09 during trading hours on Friday, reaching $0.38. 2,213,504 shares of the company’s stock were exchanged, compared to its average volume of 407,271. The firm has a fifty day moving average of $0.58 and a 200-day moving average of $0.71. Castellum has a one year low of $0.34 and a one year high of $1.27. The stock has a market cap of $35.95 million, a PE ratio of -12.64 and a beta of -6.32.

Insider Buying and Selling

In other Castellum news, COO Andrew Merriman bought 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were bought at an average price of $0.62 per share, for a total transaction of $31,000.00. Following the completion of the acquisition, the chief operating officer owned 588,531 shares of the company’s stock, valued at approximately $364,889.22. This trade represents a 9.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders acquired a total of 54,492 shares of company stock valued at $33,426 over the last quarter. 8.41% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Castellum to a “hold” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, Castellum presently has an average rating of “Hold”.

Castellum Company Profile

Castellum, Inc is a U.S.-based technology and defense contractor that provides cybersecurity, intelligence, information technology and engineering services. The company primarily serves federal government customers, including agencies and organizations involved in defense, national security and critical infrastructure.

Its offerings include cybersecurity assessments and operations, network and information technology support, intelligence analysis, electronic warfare capabilities, systems engineering and mission-support services.