ReTo Eco-Solutions (NASDAQ:RETO) Trading Up 3.4% – Here’s Why

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) traded up 3.4% during mid-day trading on Monday . The stock traded as high as $0.92 and last traded at $0.91. 6,599 shares were traded during mid-day 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 Price Performance

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

Institutional Trading of ReTo Eco-Solutions

An institutional investor recently bought a new position in ReTo Eco-Solutions stock. XTX Topco Ltd acquired a new position in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 & Exchange Commission. Institutional investors and hedge funds own 6.27% of the company’s stock.

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.