Why ReTo Eco-Solutions Stock Is Trading Higher Today

ReTo Eco-Solutions (NASDAQ: RETO) shares are trading higher on Wednesday after the company signed a cooperation agreement in Yangbi County for the planning, design and construction of an industrial park and elderly wellness town.

ReTo Eco-Solutions Inc is a manufacturer and distributor of eco-friendly construction materials and fly-ash, as well as equipment used to produce these eco-friendly construction materials. The company engaged in providing consultation, design, project implementation and construction of urban ecological environments for capturing, controlling and re-using rainwater.

It operates through four segments namely Machinery and Equipment, Construction Material, Municipal Construction Projects, and Technology Consulting. The company earns most of its revenue from construction materials sales. geographically, it derives a majority of revenue from China and also has a presence in the Middle East, India, Pakistan, North Africa, and the Maldives.

ReTo Eco-Solutions shares were up 25.32% at 60 cents at the time of publication on Wednesday. The stock has a 52-week high of $1.92 and a 52-week low of 30 cents.