CDT Environmental Technology Investment (NASDAQ:CDTG) Shares Set to Reverse Split on Monday, June 1st

Shares of CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) are scheduled to reverse split on Monday, June 1st. The 1-25 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, May 31st.

CDT Environmental Technology Investment Stock Down 22.1%

CDTG stock traded down $0.08 during mid-day trading on Thursday, reaching $0.28. The company had a trading volume of 367,271 shares, compared to its average volume of 91,472. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. CDT Environmental Technology Investment has a one year low of $0.20 and a one year high of $2.13. The stock’s 50-day simple moving average is $0.34 and its two-hundred day simple moving average is $0.36.

CDT Environmental Technology Investment (NASDAQ:CDTG) last posted its earnings results on Friday, May 15th. The company reported ($0.36) earnings per share (EPS) for the quarter. The business had revenue of $5.45 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of CDT Environmental Technology Investment in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, CDT Environmental Technology Investment has an average rating of “Sell”.

About CDT Environmental Technology Investment

CDT Environmental Technology Investment Ltd, incorporated in the Cayman Islands, is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the ticker symbol CDTG. The company was formed to raise capital through an initial public offering with the primary objective of identifying and combining with one or more businesses in the environmental technology sector.

Until it completes a business combination, CDT Environmental Technology Investment has no ongoing operations and holds the proceeds of its IPO in a trust account.