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

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG)’s stock is scheduled to reverse split on the morning of 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 Trading Down 22.1%

Shares of NASDAQ:CDTG traded down $0.08 during midday trading on Thursday, hitting $0.28. 367,271 shares of the stock traded hands, compared to its average volume of 91,472. The business’s 50 day moving average is $0.34 and its two-hundred day moving average is $0.36. 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.

CDT Environmental Technology Investment (NASDAQ:CDTG) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.36) EPS for the quarter. The firm had revenue of $5.45 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CDT Environmental Technology Investment in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

CDT Environmental Technology Investment Company Profile

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.