ReTo Eco-Solutions (NASDAQ:RETO) Shares Down 19.7% – Here’s Why

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) shares were down 19.7% on Wednesday . The stock traded as low as $1.44 and last traded at $1.51. 336,010 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 1,032,934 shares. The stock had previously closed at $1.88.

Analysts Set New Price Targets

Separately, Weiss Ratings cut ReTo Eco-Solutions from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

ReTo Eco-Solutions Stock Down 19.7%

The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average is $2.57 and its 200 day moving average is $2.89.

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.