EcoSynthetix (TSE:ECO) Hits New 1-Year Low – Here’s What Happened

EcoSynthetix Inc. (TSE:ECO) reached 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 changing hands. The stock had previously closed at C$2.55.

EcoSynthetix Trading Down 3.9%

The company has a quick ratio of 12.67, a current ratio of 20.57 and a debt-to-equity ratio of 5.38. The firm’s 50 day moving average is C$3.07 and its two-hundred day moving average is C$3.41. The stock has a market cap of C$144.17 million, a price-to-earnings ratio of -245.00 and a beta of 0.74.

EcoSynthetix (TSE:ECO) last issued its earnings results on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$6.45 million during the quarter. EcoSynthetix had a negative net margin of 1.98% and a negative return on equity of 1.06%. Equities analysts anticipate 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.