CitroTech (NYSEAMERICAN:CITR) Stock Price Down 4.2% - Here's Why

Key Points

• CitroTech shares fell 4.2% to about $5.03 in midday trading, with volume 32% below the average session level. The stock remains well below its 50-day and 200-day moving averages of $5.62 and $6.82.
• Analyst sentiment is mixed but leans positive, with a consensus rating of “Moderate Buy” and a $16.00 price target. Northland Securities initiated coverage with an “Outperform” rating, while Zacks Research upgraded the stock to “Hold.”
• The company reported a quarterly loss of $0.18 per share on just $0.28 million in revenue and continues to show sharply negative profitability metrics. Separately, CTO Stephen Conboy sold 275,001 shares, reducing his stake by 11.77%.

CitroTech Inc. (NYSEAMERICAN:CITR - Get Free Report) shares were down 4.2% during mid-day trading on Tuesday . The company traded as low as $5.00 and last traded at $5.03. Approximately 20,479 shares were traded during mid-day trading, a decline of 32% from the average session volume of 30,171 shares. The stock had previously closed at $5.25.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CITR. Northland Securities assumed coverage on shares of CitroTech in a research report on Thursday, June 11th. They set an "outperform" rating and a $16.00 price objective on the stock. Zacks Research raised shares of CitroTech to a "hold" rating in a research report on Friday, June 12th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, CitroTech has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

CitroTech Trading Down 4.2%

The stock has a market capitalization of $113.43 million, a P/E ratio of -1.48 and a beta of 7.59. The stock's 50 day moving average price is $5.62 and its 200-day moving average price is $6.82. The company has a quick ratio of 7.39, a current ratio of 8.77 and a debt-to-equity ratio of 0.01.

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

Insider Buying and Selling 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 directly owned 2,060,557 shares in the company, valued at $6,181,671. This represents a 11.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 31.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On CitroTech

Large investors have recently added to or reduced their stakes in the company. Coastal Bridge Advisors LLC bought a new stake in shares of CitroTech in the 4th quarter valued at about $108,000. FNY Investment Advisers LLC boosted its stake in CitroTech by 200.1% in the second quarter. FNY Investment Advisers LLC now owns 27,715 shares of the company's stock valued at $152,000 after acquiring an additional 18,481 shares in the last quarter. T3 Companies LLC purchased a new position in CitroTech in the fourth quarter worth $274,000. Finally, Fifth Third Bancorp purchased a new position in CitroTech in the first quarter worth $1,046,000.

CitroTech Company Profile

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.

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