CDT Environmental Technology Investment (NASDAQ:CDTG) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of CDT Environmental Technology Investment (NASDAQ:CDTG) to a strong sell rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings downgraded CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

CDT Environmental Technology Investment Stock Up 34.0%

Shares of CDT Environmental Technology Investment stock opened at $2.80 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a fifty day moving average price of $1.76 and a two-hundred day moving average price of $5.81. CDT Environmental Technology Investment has a fifty-two week low of $0.73 and a fifty-two week high of $53.25.

CDT Environmental Technology Investment (NASDAQ:CDTG) last posted its quarterly earnings data on Friday, May 15th. The company reported ($9.13) earnings per share (EPS) for the quarter. The firm had revenue of $5.45 million for 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.