Shares of EcoSynthetix Inc. (TSE:ECO – Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$2.68 and last traded at C$2.68, with a volume of 400 shares traded. The stock had previously closed at C$2.71.
EcoSynthetix Trading Up 1.9%
The company has a 50 day simple moving average of C$3.10 and a two-hundred day simple moving average of C$3.43. 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 firm has a market cap of C$161.83 million, a PE ratio of -275.00 and a beta of 0.74.
EcoSynthetix (TSE:ECO – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$5.25 million during the quarter. EcoSynthetix had a negative return on equity of 1.06% and a negative net margin of 1.98%. 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. 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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