ReTo Eco-Solutions Stock Set to Reverse Split on Friday, March 1st (NASDAQ:RETO)

ReTo Eco-Solutions, Inc. (NASDAQ:RETOFree Report)’s stock is going to reverse split on Friday, March 1st. The 1-10 reverse split was announced on Friday, March 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 1st.

ReTo Eco-Solutions Price Performance

Shares of NASDAQ:RETO traded down $0.03 during midday trading on Wednesday, hitting $0.36. 238,318 shares of the stock were exchanged, compared to its average volume of 83,406. ReTo Eco-Solutions has a 52-week low of $0.32 and a 52-week high of $7.36. The business’s fifty day simple moving average is $0.38 and its two-hundred day simple moving average is $0.83.

Institutional Trading of ReTo Eco-Solutions

A hedge fund recently raised its stake in ReTo Eco-Solutions stock. Renaissance Technologies LLC boosted its holdings in shares of ReTo Eco-Solutions, Inc. (NASDAQ:RETOFree Report) by 147.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 499,150 shares of the company’s stock after buying an additional 297,347 shares during the quarter. Renaissance Technologies LLC owned about 1.81% of ReTo Eco-Solutions worth $574,000 at the end of the most recent quarter. Institutional investors and hedge funds own 16.69% of the company’s stock.

About ReTo Eco-Solutions

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ReTo Eco-Solutions, Inc, together with its subsidiaries, manufactures and distributes construction materials primarily in China. Its products include aggregates, bricks, pavers, and tiles. The company's construction materials are used for water absorption, flood control, and water retention; for gardens, roads, bridges, city squares, retaining walls, and slope construction; for hydraulic ecological projects, such as slope protection and river transformation; and for insulation, decoration, and building walls.

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