CitroTech (NYSEAMERICAN:CITR) Trading 1.4% Higher - Time to Buy?

Key Points

• Shares of CitroTech rose about 1.4% to $9.27 (intraday high $9.48) on Friday, but trading was thin at 27,304 shares—roughly a 76% drop versus average volume.
• The company has strong short-term liquidity (quick ratio 2.28, current ratio 2.44) and minimal debt (debt/equity 0.01), yet a negative P/E (–2.72) and very high volatility (beta 8.38); market cap is about $174.3M.
• Institutional interest emerged as Coastal Bridge Advisors bought 13,331 shares (~$108k, ~0.08% stake), and CitroTech operates cryptocurrency-mining services in Wyoming (formerly General Entertainment Ventures).

Shares of CitroTech Inc. (NYSEAMERICAN:CITR - ) shot up 1.4% on Friday . The company traded as high as $9.48 and last traded at $9.27. 27,304 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 111,475 shares. The stock had previously closed at $9.14.

CitroTech Stock Performance

The company has a quick ratio of 2.28, a current ratio of 2.44 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $174.28 million, a PE ratio of -2.72 and a beta of 8.38. The firm has a 50 day moving average price of $7.77 and a 200-day moving average price of $7.81.

Institutional Trading of CitroTech

An institutional investor recently bought a new position in CitroTech stock. Coastal Bridge Advisors LLC bought a new position in shares of CitroTech Inc. (NYSEAMERICAN:CITR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,331 shares of the company's stock, valued at approximately $108,000. Coastal Bridge Advisors LLC owned about 0.08% of CitroTech at the end of the most recent reporting period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.