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

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) shares are 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 Price Performance

CDTG stock traded down $0.08 on Thursday, hitting $0.28. 367,271 shares of the company were exchanged, compared to its average volume of 566,543. CDT Environmental Technology Investment has a twelve month low of $0.20 and a twelve month high of $2.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The business’s fifty day moving average is $0.34 and its two-hundred day moving average is $0.36.

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

Wall Street Analyst Weigh In

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