EcoSynthetix (TSE:ECO) Sets New 52-Week Low – What’s Next?

EcoSynthetix Inc. (TSE:ECO)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$2.68 and last traded at C$2.68, with a volume of 400 shares. The stock had previously closed at C$2.71.

EcoSynthetix Stock Performance

The company has a current ratio of 20.57, a quick ratio of 12.67 and a debt-to-equity ratio of 5.38. The company has a market cap of C$155.94 million, a P/E ratio of -265.00 and a beta of 0.74. The business’s 50 day simple moving average is C$3.12 and its 200 day simple moving average is C$3.45.

EcoSynthetix (TSE:ECO) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C($0.01) earnings per share 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%. Sell-side analysts predict that EcoSynthetix Inc. will post 0.18 earnings per share for the current fiscal 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.