ReTo Eco-Solutions (NASDAQ:RETO) Shares Down 12.7% – What’s Next?

ReTo Eco-Solutions, Inc. (NASDAQ:RETO)’s stock price traded down 12.7% during trading on Monday . The stock traded as low as $2.04 and last traded at $2.06. 61,577 shares traded hands during mid-day trading, an increase of 69% from the average session volume of 36,456 shares. The stock had previously closed at $2.36.

Analysts Set New Price Targets

Separately, Weiss Ratings cut ReTo Eco-Solutions from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

ReTo Eco-Solutions Stock Down 12.7%

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.19. The firm has a fifty day moving average of $2.85 and a 200 day moving average of $5.07.

ReTo Eco-Solutions (NASDAQ:RETO) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($44.68) EPS for the quarter. The company had revenue of $1.16 million during the quarter.

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.