EcoSynthetix (TSE:ECO) Sets New 1-Year Low – What’s Next?

EcoSynthetix Inc. (TSE:ECO) shares reached a new 52-week low on Tuesday . The company traded as low as C$3.61 and last traded at C$3.90, with a volume of 43280 shares traded. The stock had previously closed at C$3.83.

EcoSynthetix Stock Up 1.3%

The stock has a fifty day moving average price of C$4.28 and a two-hundred day moving average price of C$4.21. The company has a market cap of C$234.25 million, a price-to-earnings ratio of -400.00 and a beta of 0.26. The company has a quick ratio of 12.67, a current ratio of 14.05 and a debt-to-equity ratio of 0.84.

EcoSynthetix (TSE:ECO) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.00 EPS for the quarter. EcoSynthetix had a negative net margin of 10.94% and a negative return on equity of 4.35%. The business had revenue of C$8.12 million for the quarter. As a group, sell-side 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.