Zentek (NASDAQ:ZTEK) Announces Earnings Results

Zentek (NASDAQ:ZTEK) released its earnings results on Tuesday. The company reported ($0.01) earnings per share for the quarter, Zacks reports. The business had revenue of $0.05 million for the quarter. Zentek had a negative return on equity of 57.52% and a negative net margin of 914.51%.

Zentek Stock Performance

NASDAQ:ZTEK traded up $0.03 during trading hours on Thursday, hitting $0.60. 43,794 shares of the company were exchanged, compared to its average volume of 90,894. Zentek has a 52-week low of $0.55 and a 52-week high of $1.84. The company’s 50 day moving average price is $0.73 and its 200-day moving average price is $0.78. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.79 and a quick ratio of 0.53. The stock has a market capitalization of $64.51 million, a price-to-earnings ratio of -12.00 and a beta of 0.38.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zentek in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Zentek presently has an average rating of “Sell”.

About Zentek

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.