ReTo Eco-Solutions (NASDAQ:RETO) Stock Price Up 3.8% – Should You Buy?

ReTo Eco-Solutions, Inc. (NASDAQ:RETO)’s stock price shot up 3.8% during mid-day trading on Wednesday . The stock traded as high as $2.70 and last traded at $2.6150. 1,628 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 80,468 shares. The stock had previously closed at $2.52.

Analyst Ratings Changes

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

ReTo Eco-Solutions Stock Performance

The company’s 50-day moving average price is $2.56 and its two-hundred day moving average price is $4.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.19.

ReTo Eco-Solutions (NASDAQ:RETO) last announced its earnings results on Thursday, April 30th. The company reported ($44.68) EPS for the quarter. The company had revenue of $1.16 million for the quarter.

ReTo Eco-Solutions Company Profile

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.