CDT Environmental Technology Investment (NASDAQ:CDTG) Lowered to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of CDT Environmental Technology Investment (NASDAQ:CDTG) to a strong sell rating in a research report report published on Saturday morning.

Separately, Weiss Ratings lowered CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

CDT Environmental Technology Investment Stock Performance

CDTG stock opened at $2.09 on Friday. The stock has a 50-day moving average price of $1.78 and a two-hundred day moving average price of $5.87. CDT Environmental Technology Investment has a 12-month low of $0.73 and a 12-month high of $53.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46.

CDT Environmental Technology Investment (NASDAQ:CDTG) last announced its quarterly earnings results on Friday, May 15th. The company reported ($9.13) EPS for the quarter. The business had revenue of $5.45 million during the quarter.

About CDT Environmental Technology Investment

CDT Environmental Technology Investment Ltd, incorporated in the Cayman Islands, is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the ticker symbol CDTG. The company was formed to raise capital through an initial public offering with the primary objective of identifying and combining with one or more businesses in the environmental technology sector.

Until it completes a business combination, CDT Environmental Technology Investment has no ongoing operations and holds the proceeds of its IPO in a trust account.