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

EcoSynthetix Inc. (TSE:ECO)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$2.17 and last traded at C$2.35, with a volume of 54961 shares trading hands. The stock had previously closed at C$2.35.

EcoSynthetix Trading Down 2.1%

The company has a current ratio of 23.15, a quick ratio of 12.67 and a debt-to-equity ratio of 5.06. The company has a market cap of C$135.35 million, a PE ratio of -115.00 and a beta of 0.67. The company has a fifty day simple moving average of C$2.96 and a two-hundred day simple moving average of C$3.32.

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

EcoSynthetix Company Profile

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.