EcoSynthetix (TSE:ECO) Posts Quarterly Earnings Results

EcoSynthetix (TSE:ECO) posted its earnings results on Tuesday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports. EcoSynthetix had a negative return on equity of 1.12% and a negative net margin of 2.07%.The firm had revenue of C$5.25 million during the quarter.

EcoSynthetix Price Performance

Shares of ECO traded up C$0.04 during trading hours on Tuesday, hitting C$3.26. The stock had a trading volume of 2,617 shares, compared to its average volume of 29,181. The company’s fifty day moving average is C$3.40 and its two-hundred day moving average is C$3.89. The company has a debt-to-equity ratio of 5.69, a current ratio of 15.62 and a quick ratio of 12.67. EcoSynthetix has a 52 week low of C$3.00 and a 52 week high of C$5.02. The stock has a market capitalization of C$191.84 million, a price-to-earnings ratio of -326.00 and a beta of 0.71.

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.