ReTo Eco-Solutions (NASDAQ:RETO) Shares Up 1.1% – Here’s What Happened

ReTo Eco-Solutions, Inc. (NASDAQ:RETO)’s share price shot up 1.1% during trading on Friday . The stock traded as high as $3.04 and last traded at $2.72. 142,006 shares were traded during mid-day trading, a decline of 67% from the average session volume of 430,328 shares. The stock had previously closed at $2.69.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research report on Friday, October 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, ReTo Eco-Solutions has an average rating of “Sell”.

ReTo Eco-Solutions Price Performance

The company has a quick ratio of 0.58, a current ratio of 0.59 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $12.19 and a 200-day moving average price of $41.06.

ReTo Eco-Solutions (NASDAQ:RETO) last issued its quarterly earnings results on Friday, October 17th. The company reported ($0.35) earnings per share for the quarter. The company had revenue of $0.52 million for the quarter.

About ReTo Eco-Solutions

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.