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ReTo Eco-Solutions ( (RETO) ) has issued an update.
On January 29, 2025, ReTo Eco-Solutions, Inc. received a delisting notice from Nasdaq due to its Class A shares trading below $1 for 30 consecutive business days, which is below the minimum bid price requirement. Since the company cannot comply with the existing compliance period due to a reverse stock split within the past year, its shares are scheduled for delisting on February 7, 2025. ReTo plans to appeal this decision, which will temporarily halt the delisting process, although there is no assurance of a favorable outcome. This situation could impact the company’s market presence and investor confidence.
More about ReTo Eco-Solutions
Founded in 1999, ReTo Eco-Solutions, Inc. is a Chinese company engaged in research, development, manufacture, and sales of equipment for producing eco-friendly construction materials. The company provides consultation, design, implementation, and installation of its equipment and offers engineering support and technical services.
YTD Price Performance: -8.89%
Average Trading Volume: 57,656
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $16.69M
Find detailed analytics on RETO stock on TipRanks’ Stock Analysis page.