CitroTech (NYSEAMERICAN:CITR) Coverage Initiated at Northland Securities

Research analysts at Northland Securities initiated coverage on shares of CitroTech (NYSEAMERICAN:CITR) in a report released on Thursday. The brokerage set an “outperform” rating and a $16.00 price target on the stock. Northland Securities’ target price points to a potential upside of 157.65% from the stock’s previous close.

CitroTech Stock Performance

CITR opened at $6.21 on Thursday. The company has a market cap of $138.86 million, a P/E ratio of -1.82 and a beta of 7.31. 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’s 50-day moving average price is $7.43 and its 200-day moving average price is $7.64. CitroTech has a 52-week low of $5.01 and a 52-week high of $17.20.

CitroTech (NYSEAMERICAN:CITR) last released its earnings results on Thursday, May 14th. The company reported ($0.33) EPS for the quarter. CitroTech had a negative return on equity of 315.55% and a negative net margin of 1,829.60%.The firm had revenue of $0.34 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Coastal Bridge Advisors LLC purchased a new stake in CitroTech in the 4th quarter worth approximately $108,000. T3 Companies LLC purchased a new stake in CitroTech during the fourth quarter worth $274,000. Finally, Fifth Third Bancorp acquired a new stake in CitroTech during the first quarter valued at $1,046,000.

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.