CDT Environmental Technology Investment (NASDAQ:CDTG) Trading 5.1% Higher – Time to Buy?

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) shares traded up 5.1% during mid-day trading on Wednesday . The company traded as high as $0.35 and last traded at $0.3101. 41,392 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 79,812 shares. The stock had previously closed at $0.2950.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CDT Environmental Technology Investment in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CDT Environmental Technology Investment presently has an average rating of “Sell”.

CDT Environmental Technology Investment Price Performance

The stock has a fifty day moving average price of $0.35 and a two-hundred day moving average price of $0.37.

CDT Environmental Technology Investment (NASDAQ:CDTG) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.36) earnings per share for the quarter. The firm had revenue of $5.45 million during the quarter.

CDT Environmental Technology Investment Company Profile

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.