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

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG)’s stock is set to reverse split before the market opens on Monday, June 1st. The 1-25 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, May 31st.

CDT Environmental Technology Investment Trading Down 22.1%

Shares of NASDAQ:CDTG traded down $0.08 during trading on Thursday, hitting $0.28. 367,271 shares of the company were exchanged, compared to its average volume of 91,472. The firm’s 50 day moving average price is $0.34 and its 200-day moving average price is $0.36. CDT Environmental Technology Investment has a 12-month low of $0.20 and a 12-month high of $2.13. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CDT Environmental Technology Investment in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, CDT Environmental Technology Investment 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.