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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO)’s stock is scheduled to reverse split on the morning of Monday, November 2nd. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 1st.

ReTo Eco-Solutions Price Performance

ReTo Eco-Solutions stock traded down $0.17 during midday trading on Thursday, hitting $0.62. The company’s stock had a trading volume of 916,104 shares, compared to its average volume of 1,898,950. ReTo Eco-Solutions has a 1-year low of $0.57 and a 1-year high of $417.00. The company has a 50-day moving average price of $10.43 and a two-hundred day moving average price of $48.87.

Analyst Upgrades and Downgrades

RETO has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research note on Thursday, August 27th. Wall Street Zen raised ReTo Eco-Solutions to a “sell” rating in a report on Saturday, October 10th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company 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.