ReTo Eco-Solutions (NASDAQ:RETO) Shares Up 3.4% – What’s Next?

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) shares traded up 3.4% on Monday . The company traded as high as $0.92 and last traded at $0.91. 6,599 shares changed hands during trading, a decline of 74% from the average session volume of 25,099 shares. The stock had previously closed at $0.88.

ReTo Eco-Solutions Trading Up 3.4 %

The business’s 50 day moving average price is $0.94 and its 200-day moving average price is $1.16. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On ReTo Eco-Solutions

An institutional investor recently bought a new position in ReTo Eco-Solutions stock. XTX Topco Ltd acquired a new stake in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,170 shares of the company’s stock, valued at approximately $36,000. XTX Topco Ltd owned 0.32% of ReTo Eco-Solutions as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 6.27% of the company’s stock.

About ReTo Eco-Solutions

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.