Eqtec (LON:EQT) Coverage Initiated by Analysts at Citigroup

Citigroup began coverage on shares of Eqtec (LON:EQT) in a research note released on Tuesday morning, 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 stock’s 50 day simple moving average is GBX 0.17 and its 200 day simple moving average is GBX 0.17. The company has a debt-to-equity ratio of 16.35, a quick ratio of 0.28 and a current ratio of 1.24. Eqtec has a twelve month low of GBX 0.08 ($0.00) and a twelve month high of GBX 1.47 ($0.02). The company has a market capitalization of $9.06 million and a price-to-earnings ratio of -0.46.

Eqtec Company Profile

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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