Eqtec (LON:EQT) Earns Neutral Rating from Analysts at Citigroup

Citigroup initiated coverage on shares of Eqtec (LON:EQT) in a report published on Tuesday, Digital Look reports. The brokerage issued a neutral rating on the stock.

Shares of EQT stock opened at GBX 0.23 ($0.00) on Tuesday. The company has a quick ratio of 0.28, a current ratio of 1.24 and a debt-to-equity ratio of 16.35. Eqtec has a 52 week low of GBX 0.08 ($0.00) and a 52 week high of GBX 1.47 ($0.02). The stock has a market capitalization of $9.46 million and a PE ratio of -0.47. The firm has a 50 day moving average of GBX 0.17 and a two-hundred day moving average of GBX 0.17.

About Eqtec

EQTEC plc converts biomass and waste into synthetic gas to generate electricity and heat in the United Kingdom. It engages in sourcing and providing assistance in developing waste elimination projects, as well as O&M services. The company was formerly known as REACT Energy plc and changed its name to EQTEC plc in February 2017.

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