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

Shares of ReTo Eco-Solutions, Inc. (NASDAQ:RETO) are scheduled to reverse split before the market opens on 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 closing bell on Friday, May 15th.

ReTo Eco-Solutions Stock Up 0.1%

Shares of NASDAQ RETO traded up $0.00 during trading hours on Thursday, reaching $0.63. 390,423 shares of the stock were exchanged, compared to its average volume of 864,244. 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 has a 52 week low of $0.48 and a 52 week high of $19.55. The stock’s fifty day simple moving average is $0.80 and its 200 day simple moving average is $2.27.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research note on Monday, April 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus 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.