ReTo Eco-Solutions (NASDAQ:RETO) Shares Scheduled to Reverse Split on Monday, November 2nd

Shares of ReTo Eco-Solutions, Inc. (NASDAQ:RETO) are set 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 market closes on Sunday, November 1st.

ReTo Eco-Solutions Trading Down 21.0%

ReTo Eco-Solutions stock traded down $0.17 during mid-day trading on Thursday, hitting $0.62. 916,104 shares of the company traded hands, compared to its average volume of 631,383. ReTo Eco-Solutions has a one year low of $0.57 and a one year high of $417.00. The stock has a fifty day moving average price of $10.43 and a 200-day moving average price of $48.87.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of ReTo Eco-Solutions to a “sell” rating in a research report on Saturday, October 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

ReTo Eco-Solutions Company Profile

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.