Shares of ReTo Eco-Solutions, Inc. (NASDAQ:RETO – Free Report) are going to reverse split before the market opens on Monday, November 2nd. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 1st.
ReTo Eco-Solutions Price Performance
NASDAQ:RETO traded down $0.17 during midday trading on Thursday, hitting $0.62. 916,104 shares of the stock were exchanged, compared to its average volume of 1,898,950. The business has a 50-day moving average price of $10.43 and a two-hundred day moving average price of $48.87. ReTo Eco-Solutions has a one year low of $0.57 and a one year high of $417.00.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on RETO shares. Wall Street Zen upgraded shares of ReTo Eco-Solutions to a “sell” rating in a research report on Saturday, October 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on RETO
About ReTo Eco-Solutions
ReTo Eco-Solutions Ltd. is a China-based environmental solutions company focused on the development and application of technologies for sustainable construction and ecological restoration. The company works to convert construction and industrial waste into usable materials, supporting resource recycling and environmentally responsible development.
Its products and services have included recycled and eco-friendly construction materials such as permeable bricks, tiles, concrete products, aggregates and other landscaping materials.
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