Zentek (NASDAQ:ZTEK – Get Free Report) released its earnings results on Friday. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01, Zacks reports. Zentek had a negative net margin of 5,848.76% and a negative return on equity of 81.95%.
Zentek Price Performance
Shares of Zentek stock traded down $0.02 on Friday, hitting $0.62. 137,375 shares of the company traded hands, compared to its average volume of 213,080. Zentek has a 52 week low of $0.37 and a 52 week high of $1.24. The business has a 50-day simple moving average of $0.51 and a 200 day simple moving average of $0.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.53 and a current ratio of 0.64. The stock has a market capitalization of $78.12 million, a P/E ratio of -8.71 and a beta of 0.44.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zentek in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.
About Zentek
Zentek Ltd. (NASDAQ: ZTEK) is a nanotechnology company headquartered in Vancouver, British Columbia, specializing in the development and commercialization of advanced polymer and coating technologies. The company’s core focus is on materials engineered to enhance thermal management, structural performance and acoustic properties across a variety of end markets. By leveraging proprietary polymer chemistry, Zentek designs solutions that address critical performance challenges in energy storage, electronics and safety applications.
Zentek’s product portfolio includes phase-change materials and flexible polymer foams tailored for battery and power electronics thermal management in electric vehicles and stationary energy storage systems.
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