CDT Environmental Technology Investment Stock Scheduled to Reverse Split on Monday, June 1st (NASDAQ:CDTG)

Shares of CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) are scheduled to reverse split on Monday, June 1st. The 1-25 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, May 31st.

CDT Environmental Technology Investment Stock Performance

Shares of CDTG stock traded down $0.08 on Thursday, hitting $0.28. The stock had a trading volume of 367,271 shares, compared to its average volume of 566,543. The stock’s 50 day moving average is $0.34 and its 200-day moving average is $0.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46. CDT Environmental Technology Investment has a 52-week low of $0.20 and a 52-week high of $2.13.

CDT Environmental Technology Investment (NASDAQ:CDTG) last announced its earnings results on Friday, May 15th. The company reported ($0.36) earnings per share for the quarter. The firm had revenue of $5.45 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of CDT Environmental Technology Investment in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

CDT Environmental Technology Investment Company Profile

CDT Environmental Technology Investment Ltd, incorporated in the Cayman Islands, is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the ticker symbol CDTG. The company was formed to raise capital through an initial public offering with the primary objective of identifying and combining with one or more businesses in the environmental technology sector.

Until it completes a business combination, CDT Environmental Technology Investment has no ongoing operations and holds the proceeds of its IPO in a trust account.