TSO3 (TOS) Sets New 52-Week Low at $0.55

Shares of TSO3 Inc. (TSE:TOS) hit a new 52-week low during trading on Thursday . The company traded as low as C$0.55 and last traded at C$0.56, with a volume of 48730 shares. The stock had previously closed at C$0.56.

A number of analysts have recently commented on the stock. Royal Bank of Canada reduced their price target on shares of TSO3 from C$1.50 to C$0.90 and set a “sector perform” rating for the company in a research note on Thursday, August 9th. National Bank Financial reduced their price target on shares of TSO3 from C$1.50 to C$1.25 and set a “sector perform” rating for the company in a research note on Thursday, August 2nd. Finally, Desjardins reduced their price target on shares of TSO3 from C$1.25 to C$1.10 in a research note on Thursday, August 9th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$1.60.

TSO3 (TSE:TOS) last announced its quarterly earnings results on Tuesday, August 7th. The company reported C($0.05) EPS for the quarter, topping analysts’ consensus estimates of C($0.06) by C$0.01. TSO3 had a negative net margin of 34.69% and a negative return on equity of 48.85%. The firm had revenue of C$0.48 million during the quarter.

In related news, Director Linda Rosenstock purchased 43,000 shares of TSO3 stock in a transaction dated Thursday, August 9th. The stock was purchased at an average cost of C$0.67 per share, for a total transaction of C$28,810.00. Insiders bought 121,000 shares of company stock valued at $75,910 over the last quarter.

About TSO3 (TSE:TOS)

TSO3 Inc engages in the research, development, production, maintenance, sale, and licensing of sterilization processes, related consumable supplies, and accessories for heat and moisture sensitive medical devices worldwide. Its principal product is the STERIZONE VP4 sterilizer, a dual sterilant, low temperature sterilization system that utilizes vaporized hydrogen peroxide and ozone that is marketed in Canada and the United States.

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