Shares of EcoSynthetix Inc. (TSE:ECO – Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as C$2.87 and last traded at C$2.85, with a volume of 51424 shares. The stock had previously closed at C$2.94.
EcoSynthetix Stock Performance
The company has a debt-to-equity ratio of 5.38, a quick ratio of 12.67 and a current ratio of 20.57. The business’s fifty day simple moving average is C$3.16 and its 200-day simple moving average is C$3.49. The firm has a market capitalization of C$163.00 million, a PE ratio of -277.00 and a beta of 0.74.
EcoSynthetix (TSE:ECO – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported C($0.01) EPS for the quarter. EcoSynthetix had a negative return on equity of 1.06% and a negative net margin of 1.98%.The company had revenue of C$5.25 million during the quarter. As a group, equities research analysts expect that EcoSynthetix Inc. will post 0.18 EPS for the current year.
EcoSynthetix Company Profile
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. Its products include EcoSphere biolatex and DuraBindTM biopolymers. EcoSphere biolatex binders are used by manufacturers within the coated paper and paperboard industry, whereas the DuraBindTM is used in the production of wood composite panels.
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