Investment bank EF Hutton has started research coverage of Castellum (NYSE-American: CTM) and issued a “Buy” rating to the electronic warfare and cybersecurity services provider.
Mark Fuller, president and CEO of Castellum, said in a statement published Wednesday the company hopes to generate more coverage from other analysts as investors become more aware of Castellum.
“Our focus remains on continuing to grow our business aggressively via both organic growth and acquisition to exceed the forecasted numbers which EF Hutton included in their report,” he noted.
Fuller added that Castellum is in talks with other companies about potential deals and is exploring several growth opportunities that it hopes to convert into revenue in 2023.
In October, Castellum started trading on the NYSE American Exchange with EF Hutton serving as its sole book-running manager for the public offering of its common stock.
