ReTo Eco-Solutions (NASDAQ:RETO) Shares Set to Reverse Split on Monday, May 18th

Shares of ReTo Eco-Solutions, Inc. (NASDAQ:RETO) are scheduled to reverse split on the morning of Monday, May 18th. The 1-4 reverse split was announced on Wednesday, May 13th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 15th.

ReTo Eco-Solutions Stock Up 0.1%

RETO traded up $0.00 on Thursday, hitting $0.63. The company had a trading volume of 390,423 shares, compared to its average volume of 921,274. The stock has a fifty day moving average price of $0.81 and a 200-day moving average price of $2.45. ReTo Eco-Solutions has a 12-month low of $0.48 and a 12-month high of $19.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.19.

ReTo Eco-Solutions (NASDAQ:RETO) last posted its earnings results on Thursday, April 30th. The company reported ($11.17) earnings per share (EPS) for the quarter. The business had revenue of $1.16 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research note on Monday, April 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, ReTo Eco-Solutions currently has an average rating of “Sell”.

ReTo Eco-Solutions Company Profile

ReTo Eco-Solutions, Inc is a U.S.-based environmental services company specializing in the treatment, recycling and re-refining of oilfield and industrial waste streams. The company provides integrated solutions for the recovery of hydrocarbons and water from drilling and production operations, utilizing mechanical separation, thermal desorption, filtration and re-refining technologies to convert used oils into high-quality base oils and minimize disposal volumes.

Through its network of strategically located facilities in core oil and gas regions, ReTo Eco-Solutions offers end-to-end logistics services, including transportation, storage and warehousing of waste materials.