ReTo Eco-Solutions (NASDAQ:RETO) Trading Up 3.8% – Still a Buy?

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

Analyst Ratings Changes

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

ReTo Eco-Solutions Stock Performance

The company has a fifty day simple moving average of $2.50 and a 200 day simple moving average of $3.96. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 0.01.

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

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.