EcoSynthetix (TSE:ECO) Reaches New 12-Month Low – What’s Next?

Shares of EcoSynthetix Inc. (TSE:ECO) reached a new 52-week low on Tuesday . The company traded as low as C$2.99 and last traded at C$3.09, with a volume of 9600 shares trading hands. The stock had previously closed at C$3.35.

EcoSynthetix Price Performance

The stock has a market cap of C$181.83 million, a price-to-earnings ratio of -309.00 and a beta of 0.71. The company has a 50-day simple moving average of C$3.23 and a two-hundred day simple moving average of C$3.58. The company has a debt-to-equity ratio of 5.38, a quick ratio of 12.67 and a current ratio of 20.57.

EcoSynthetix (TSE:ECO) last released its quarterly earnings data on Tuesday, May 5th. The company reported C($0.01) EPS for the quarter. EcoSynthetix had a negative net margin of 1.98% and a negative return on equity of 1.06%. The company had revenue of C$5.25 million during the quarter. As a group, equities research analysts forecast that EcoSynthetix Inc. will post 0.18 EPS 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.