ReTo Eco-Solutions (NASDAQ:RETO) Trading Down 5.2% – Here’s Why

Shares of ReTo Eco-Solutions, Inc. (NASDAQ:RETO) traded down 5.2% on Tuesday . The stock traded as low as $0.90 and last traded at $0.91. 20,866 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 137,972 shares. The stock had previously closed at $0.96.

ReTo Eco-Solutions Price Performance

The firm’s fifty day moving average is $1.11 and its two-hundred day moving average is $1.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.02 and a quick ratio of 1.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ReTo Eco-Solutions stock. Virtu Financial LLC purchased a new stake in shares of ReTo Eco-Solutions, Inc. (NASDAQ:RETO) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 25,436 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 5.92% of ReTo Eco-Solutions as of its most recent filing with the SEC. Institutional investors and hedge funds own 6.27% of the company’s stock.

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.