ReTo Eco-Solutions (NASDAQ:RETO) Stock Price Down 12.7% – Here’s Why

ReTo Eco-Solutions, Inc. (NASDAQ:RETO)’s share price fell 12.7% during trading on Monday . The company traded as low as $2.04 and last traded at $2.06. 61,577 shares changed hands during mid-day trading, an increase of 69% from the average session volume of 36,456 shares. The stock had previously closed at $2.36.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded ReTo Eco-Solutions from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ReTo Eco-Solutions presently has an average rating of “Sell”.

ReTo Eco-Solutions Trading Up 29.3%

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.19. The company has a fifty day moving average price of $2.84 and a 200-day moving average price of $5.01.

ReTo Eco-Solutions (NASDAQ:RETO) last issued its earnings results on Thursday, April 30th. The company reported ($44.68) earnings per share (EPS) for the quarter. The firm had revenue of $1.16 million during the quarter.

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.