EcoSynthetix (TSE:ECO) Reaches New 1-Year Low – Here’s Why

EcoSynthetix Inc. (TSE:ECO) hit a new 52-week low during mid-day trading on Friday. The company traded as low as C$1.66 and last traded at C$1.60, with a volume of 156,410 shares trading hands. The stock had previously closed at C$1.67.

EcoSynthetix Stock Performance

The company has a market cap of C$91.70 million, a P/E ratio of -78.00 and a beta of 0.87. The firm has a 50 day moving average of C$2.03 and a 200-day moving average of C$2.70. 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) EPS for the quarter. The firm had revenue of C$6.45 million for the quarter. EcoSynthetix had a negative return on equity of 2.47% and a negative net margin of 4.72%. As a group, sell-side analysts anticipate that EcoSynthetix Inc. will post 0.18 EPS for the current fiscal year.

Insider Activity

In other news, insider Lions Investment Ltd sold 200,000 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of C$1.65, for a total transaction of C$330,000.00. Following the transaction, the insider owned 6,960,151 shares in the company, valued at approximately C$11,484,249.15. This trade represents a 2.79% decrease in their ownership of the stock. Insiders own 14.45% of the company’s stock.

About EcoSynthetix

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).