ReTo Eco-Solutions (NASDAQ:RETO) Announces Quarterly Earnings Results

ReTo Eco-Solutions (NASDAQ:RETO) announced its earnings results on Friday. The company reported ($11.17) earnings per share for the quarter, FiscalAI reports. The company had revenue of $1.16 million during the quarter.

ReTo Eco-Solutions Stock Up 4.5%

Shares of NASDAQ RETO opened at $0.63 on Friday. ReTo Eco-Solutions has a 12 month low of $0.48 and a 12 month high of $19.55. The business has a fifty day simple moving average of $0.83 and a 200-day simple moving average of $3.87.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research note on Monday, April 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

About ReTo Eco-Solutions

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.