ReTo Eco-Solutions Inc. [RETO] is 2.35% higher this YTD. Is it still time to buy?


ReTo Eco-Solutions Inc. [NASDAQ: RETO] traded at a high on 01/04/22, posting a 18.37 gain after which it closed the day’ session at $1.74. The company report on January 4, 2022 that ReTo Eco-Solutions, Inc. Enters into an Equity Acquisition Agreement to Acquire Solution and Product Provider of Internet of Things.

ReTo Eco-Solutions, Inc. (NASDAQ: RETO) (“ReTo” or the “Company”), a provider of technology solutions for the improvement of ecological environments, today announced that, its subsidiary, ReTo Technology Development Co., Ltd., entered into an Equity Acquisition Agreement (the “Agreement”) with Hainan REIT Mingde Investment Holding Co., Ltd. (“REIT Mingde”) and its two individual shareholders (collectively, the “Sellers”), among others, on December 27, 2021, to acquire 100% of the equity interest in REIT Mingde, which owns 61.55% of the equity interest of Yile IoT Technology Co., Ltd. (“Yile IoT”).

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Yile IoT is a national high-tech enterprise in China that focuses on the research, development and application of Internet of Things (IoT) technologies. Yile IoT and its subsidiaries have developed advanced cloud based IoT solutions and products that primarily service automobile rental, ride sharing, and logistics sectors in China. Pursuant to the Agreement, ReTo will acquire 100% of the equity interest in REIT Mingde for a total consideration of RMB 10 million in cash or cash equivalents which will be paid to the Sellers within 30 days upon signing of the Agreement. The closing of the transaction is subject to satisfactory due diligence, board approval, completion of shareholder change registration with relevant State Administration of Market Regulation and other customary closing conditions. On December 28, 2021, the registration of ReTo Technology Development Co., Ltd. as the shareholder of REIT Mingde was completed.

The results of the trading session contributed to over 5438212 shares changing hands. Over the past one week, the price volatility of ReTo Eco-Solutions Inc. stands at 23.06% while the volatility over the past one month is 17.94%.

The market cap for RETO stock reached $44.63 million, with 24.75 million shares outstanding and 17.93 million shares in the current float. Compared to the average trading volume of 2.22M shares, RETO reached a trading volume of 5438212 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about ReTo Eco-Solutions Inc. [RETO]?

The Average True Range (ATR) for ReTo Eco-Solutions Inc. is set at 0.21, with the Price to Sales ratio for RETO stock in the period of the last 12 months amounting to 5.01. The Price to Book ratio for the last quarter was 1.98. Price to Free Cash Flow for RETO in the course of the last twelve months was 13.95 with Quick ratio for the last quarter at 0.30.

How has RETO stock performed recently?

ReTo Eco-Solutions Inc. [RETO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 26.09. With this latest performance, RETO shares gained by 145.10% in over the last four-week period, additionally plugging by 61.11% over the last 6 months – not to mention a rise of 126.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RETO stock in for the last two-week period is set at 64.92, with the RSI for the last a single of trading hit 69.68, and the three-weeks RSI is set at 61.44 for ReTo Eco-Solutions Inc. [RETO]. The present Moving Average for the last 50 days of trading for this stock 1.2325, while it was recorded at 1.5600 for the last single week of trading, and 1.0848 for the last 200 days.

ReTo Eco-Solutions Inc. [RETO]: Deeper insight into the fundamentals

ReTo Eco-Solutions Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.

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Insider trade positions for ReTo Eco-Solutions Inc. [RETO]

There are presently around $1 million, or 1.90% of RETO stock, in the hands of institutional investors. The top three institutional holders of RETO stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 348,526, which is approximately -41.743% of the company’s market cap and around 40.65% of the total institutional ownership; HRT FINANCIAL LP, holding 95,405 shares of the stock with an approximate value of $0.14 million in RETO stocks shares; and CITADEL ADVISORS LLC, currently with $47000.0 in RETO stock with ownership of nearly -37.592% of the company’s market capitalization.

3 institutional holders increased their position in ReTo Eco-Solutions Inc. [NASDAQ:RETO] by around 60,362 shares. Additionally, 4 investors decreased positions by around 465,393 shares, while 0 investors held positions by with 16,577 shares. The mentioned changes placed institutional holdings at 542,332 shares, according to the latest SEC report filing. RETO stock had 1 new institutional investments in for a total of 22,427 shares, while 0 institutional investors sold positions of 0 shares during the same period.