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

EcoSynthetix Inc. (TSE:ECO)’s stock price reached a new 52-week low on Friday . The company traded as low as C$3.90 and last traded at C$3.87, with a volume of 10900 shares traded. The stock had previously closed at C$3.92.

EcoSynthetix Stock Performance

The company has a debt-to-equity ratio of 0.84, a quick ratio of 12.67 and a current ratio of 14.05. The business’s 50-day moving average is C$4.13 and its 200-day moving average is C$4.22. The company has a market capitalization of C$226.63 million, a PE ratio of -387.00 and a beta of 0.28.

EcoSynthetix (TSE:ECO) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.00 earnings per share 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. On average, research analysts anticipate that EcoSynthetix Inc. will post 0.18 earnings per share for the current year.

About EcoSynthetix

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.