Shares of EcoSynthetix Inc. (TSE:ECO – Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$2.23 and last traded at C$2.45, with a volume of 31070 shares. The stock had previously closed at C$2.55.
EcoSynthetix Stock Performance
The company’s fifty day simple moving average is C$3.04 and its two-hundred day simple moving average is C$3.38. The company has a debt-to-equity ratio of 5.06, a quick ratio of 12.67 and a current ratio of 23.15. The stock has a market capitalization of C$149.47 million, a P/E ratio of -127.00 and a beta of 0.74.
EcoSynthetix (TSE:ECO – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$6.45 million during the quarter. EcoSynthetix had a negative net margin of 4.75% and a negative return on equity of 2.47%. As a group, equities analysts forecast 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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