Zentek (NASDAQ:ZTEK) Releases Earnings Results, Beats Estimates By $0.01 EPS

Zentek (NASDAQ:ZTEK) posted its earnings results on Friday. The company reported ($0.01) EPS for the quarter, topping 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 Stock Down 3.8%

Shares of Zentek stock traded down $0.02 on Friday, hitting $0.61. The company had a trading volume of 145,857 shares, compared to its average volume of 213,138. Zentek has a 1 year low of $0.37 and a 1 year high of $1.24. 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 50 day moving average of $0.51 and a 200-day moving average of $0.58. The stock has a market capitalization of $77.25 million, a price-to-earnings ratio of -8.71 and a beta of 0.44.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zentek in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Zentek Company Profile

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.