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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO)’s share price shot up 3.4% during trading on Monday . The company traded as high as $0.92 and last traded at $0.91. 6,599 shares traded hands 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 Stock Performance

The business has a fifty day moving average price of $0.93 and a 200 day moving average price of $1.15. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.03.

Institutional Trading of ReTo Eco-Solutions

A hedge fund recently bought a new stake in ReTo Eco-Solutions stock. XTX Topco Ltd purchased a new position in shares of ReTo Eco-Solutions, Inc. (NASDAQ:RETO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,170 shares of the company’s stock, valued at approximately $36,000. XTX Topco Ltd owned about 0.32% of ReTo Eco-Solutions as of its most recent SEC filing. 6.27% of the stock is currently owned by hedge funds and other institutional investors.

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.