Castellum (NYSEAMERICAN:CTM) Shares Down 4.5% – Time to Sell?

Castellum, Inc. (NYSEAMERICAN:CTM)’s stock price dropped 4.5% on Thursday . The stock traded as low as $0.16 and last traded at $0.16. Approximately 213,302 shares changed hands during trading, a decline of 75% from the average daily volume of 869,711 shares. The stock had previously closed at $0.17.

Castellum Stock Performance

The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.63. The company has a market cap of $9.00 million, a price-to-earnings ratio of -0.94 and a beta of -3.14.

Hedge Funds Weigh In On Castellum

A hedge fund recently raised its stake in Castellum stock. Virtu Financial LLC grew its holdings in shares of Castellum, Inc. (NYSEAMERICAN:CTM) by 82.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,288 shares of the company’s stock after purchasing an additional 46,606 shares during the quarter. Virtu Financial LLC owned approximately 0.19% of Castellum worth $27,000 at the end of the most recent reporting period. Institutional investors own 3.39% of the company’s stock.

About Castellum

Castellum, Inc provides services in the areas of cybersecurity, information technology, electronic and information warfare, and information operations. Its services include intelligence analysis, software development, software engineering, program management, strategic and mission planning, information assurance, cybersecurity and policy support, data analytics, and model based systems engineering services.