CitroTech (NYSEAMERICAN:CITR) Shares Down 2.8% – Here’s Why

CitroTech Inc. (NYSEAMERICAN:CITR) shares fell 2.8% during trading on Friday . The company traded as low as $6.00 and last traded at $6.48. 80,914 shares were traded during trading, an increase of 132% from the average session volume of 34,860 shares. The stock had previously closed at $6.67.

CitroTech Price Performance

The stock has a 50 day moving average of $7.60 and a 200-day moving average of $7.69. The company has a current ratio of 1.97, a quick ratio of 1.73 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $144.89 million, a P/E ratio of -1.90 and a beta of 7.31.

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

Institutional Inflows and Outflows

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

About CitroTech

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.