ReTo Eco-Solutions (NASDAQ:RETO) Stock Price Down 5.2% – Here’s Why

ReTo Eco-Solutions, Inc. (NASDAQ:RETO)’s stock price traded down 5.2% during mid-day trading on Tuesday . The company traded as low as $0.90 and last traded at $0.91. 20,866 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 137,972 shares. The stock had previously closed at $0.96.

ReTo Eco-Solutions Price Performance

The stock has a fifty day simple moving average of $1.11 and a 200-day simple moving average of $1.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.02 and a quick ratio of 1.00.

Institutional Trading of ReTo Eco-Solutions

An institutional investor recently bought a new position in ReTo Eco-Solutions stock. Virtu Financial LLC acquired a new stake in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,436 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 5.92% of ReTo Eco-Solutions at the end of the most recent reporting period. 6.27% of the stock is currently owned by hedge funds and other institutional investors.

ReTo Eco-Solutions Company Profile

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.