Zentek (NASDAQ:ZTEK) Announces Earnings Results

Zentek (NASDAQ:ZTEK) posted its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03), Zacks reports. Zentek had a negative return on equity of 60.84% and a negative net margin of 875.49%.

Zentek Price Performance

Shares of ZTEK traded down $0.01 during midday trading on Thursday, reaching $0.41. The stock had a trading volume of 41,584 shares, compared to its average volume of 212,850. The company has a market capitalization of $51.41 million, a price-to-earnings ratio of -8.16 and a beta of 0.46. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 0.14. Zentek has a 12-month low of $0.37 and a 12-month high of $1.35. The company’s 50-day moving average is $0.56 and its 200 day moving average is $0.63.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zentek in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Zentek presently has an average 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.