ReTo Eco-Solutions (NASDAQ:RETO) Trading Down 0.9% – What’s Next?

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) shares fell 0.9% during trading on Thursday . The company traded as low as $1.05 and last traded at $1.09. 42,039 shares traded hands during trading, a decline of 71% from the average session volume of 146,074 shares. The stock had previously closed at $1.10.

ReTo Eco-Solutions Stock Down 0.9 %

The company has a 50-day simple moving average of $1.30 and a two-hundred day simple moving average of $1.49.

Institutional Trading of ReTo Eco-Solutions

An institutional investor recently bought a new position in ReTo Eco-Solutions stock. XTX Topco Ltd bought a new position in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,170 shares of the company’s stock, valued at approximately $36,000. XTX Topco Ltd owned about 0.32% of ReTo Eco-Solutions at the end of the most recent quarter. 6.27% of the stock is currently owned by institutional investors and hedge funds.

ReTo Eco-Solutions Company Profile

ReTo Eco-Solutions, Inc, together with its subsidiaries, manufactures and distributes construction materials primarily in China. Its products include aggregates, bricks, pavers, and tiles. The company's construction materials are used for water absorption, flood control, and water retention; for gardens, roads, bridges, city squares, retaining walls, and slope construction; for hydraulic ecological projects, such as slope protection and river transformation; and for insulation, decoration, and building walls.