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

EcoSynthetix Inc. (TSE:ECO) shares reached a new 52-week low on Tuesday . The stock traded as low as C$1.85 and last traded at C$1.89, with a volume of 5852 shares trading hands. The stock had previously closed at C$1.91.

EcoSynthetix Trading Down 1.0%

The firm has a market capitalization of C$111.10 million, a price-to-earnings ratio of -94.50 and a beta of 0.70. The business has a 50-day moving average of C$2.42 and a two-hundred day moving average of C$2.96. The company has a quick ratio of 12.67, a current ratio of 23.15 and a debt-to-equity ratio of 5.06.

EcoSynthetix (TSE:ECO) last released its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$6.45 million for the quarter. EcoSynthetix had a negative net margin of 4.72% and a negative return on equity of 2.47%. Research analysts predict that EcoSynthetix Inc. will post 0.18 EPS for the current fiscal year.

EcoSynthetix Company Profile

EcoSynthetix offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. The Company’s flagship products, DuraBind¿, Surflock¿, Bioform¿ and EcoSphere®, are used to manufacture wood composites, personal care, paper, tissue and packaging products, and enable performance improvements, economic benefits and carbon footprint reduction. The Company is publicly traded on the Toronto Stock Exchange (T:ECO).