ReTo Eco-Solutions ( (RETO) ) has released a notification of late filing.
ReTo Eco-Solutions, Inc. has announced a delay in filing its Form 20-F (Yearly Report) for the fiscal year ending December 31, 2024. The delay is primarily due to the need for additional time to finalize financial statements following the divestiture of REIT Holdings (China) Limited and the discontinuation of certain business operations. The company anticipates filing the report within the fifteen-day grace period allowed. Significant changes in financial results are expected due to these operational changes, but specific estimates are not yet available. ReTo Eco-Solutions is actively working to comply with all filing requirements, as confirmed by CEO Hengfang Li’s signature on the notification.
Spark’s Take on RETO Stock
According to Spark, TipRanks’ AI Analyst, RETO is a Underperform.
ReTo Eco-Solutions’ overall stock score is significantly low due to its poor financial performance characterized by declining revenues and high leverage. The technical analysis indicates a persistent downtrend, and the negative P/E ratio reflects ongoing losses. The lack of information from earnings calls further contributes to the uncertainty surrounding the stock.
To see Spark’s full report on RETO stock, click here.
More about ReTo Eco-Solutions
YTD Price Performance: -57.42%
Average Trading Volume: 527,744
Technical Sentiment Signal: Strong Buy
Current Market Cap: $11.12M
See more data about RETO stock on TipRanks’ Stock Analysis page.