EcoSynthetix Inc. (TSE:ECO – Get Free Report)’s share price hit a new 52-week low on Thursday. The stock traded as low as C$1.34 and last traded at C$1.34, with a volume of 1,300 shares. The stock had previously closed at C$1.38.
EcoSynthetix Stock Performance
The firm has a market capitalization of C$83.47 million, a PE ratio of -71.00 and a beta of 0.87. The business’s fifty day simple moving average is C$1.93 and its 200-day simple moving average is C$2.94. The company has a debt-to-equity ratio of 5.06, a quick ratio of 12.67 and a current ratio of 23.15.
EcoSynthetix (TSE:ECO – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$6.45 million during the quarter. EcoSynthetix had a negative return on equity of 2.47% and a negative net margin of 4.72%. As a group, equities research analysts expect that EcoSynthetix Inc. will post 0.18 EPS for the current year.
Insider Buying and Selling at EcoSynthetix
In related 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 value of C$330,000.00. Following the completion of the sale, the insider directly owned 6,960,151 shares in the company, valued at C$11,484,249.15. This trade represents a 2.79% decrease in their ownership of the stock. Corporate 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).
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