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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) shares are scheduled 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 closing bell on Sunday, November 1st.

ReTo Eco-Solutions Stock Performance

Shares of RETO stock traded down $0.17 during trading hours on Thursday, reaching $0.62. The company had a trading volume of 916,104 shares, compared to its average volume of 1,898,950. The business has a fifty day moving average price of $10.43 and a 200-day moving average price of $48.87. ReTo Eco-Solutions has a one year low of $0.57 and a one year high of $417.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RETO shares. Wall Street Zen raised 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 note on Thursday, August 27th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus 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.