EcoSynthetix (TSE:ECO) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

EcoSynthetix Inc. (TSE:ECO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.19 and traded as high as C$4.29. EcoSynthetix shares last traded at C$4.25, with a volume of 29,605 shares traded.

EcoSynthetix Stock Performance

The company has a market cap of C$247.13 million, a price-to-earnings ratio of -422.00 and a beta of 0.20. The stock’s 50 day moving average price is C$4.32 and its 200 day moving average price is C$4.19. The company has a current ratio of 14.05, a quick ratio of 12.67 and a debt-to-equity ratio of 0.84.

EcoSynthetix (TSE:ECO) last issued its earnings results on Thursday, November 6th. The company reported C$0.00 earnings per share (EPS) for the quarter. The business had revenue of C$8.12 million during the quarter. EcoSynthetix had a negative return on equity of 4.35% and a negative net margin of 10.94%. On average, analysts expect that EcoSynthetix Inc. will post 0.18 EPS for the current fiscal year.

About EcoSynthetix

EcoSynthetix Inc is a renewable chemicals company. It is engaged in the development and commercialization of ecologically friendly bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products. The company operates in one reportable segment and generates revenue primarily from its biopolymer nanosphere technology platform.