Zentek (NASDAQ:ZTEK) Posts Quarterly Earnings Results, Meets Expectations

Zentek (NASDAQ:ZTEK) released its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03), Zacks reports. The business had revenue of $0.03 million during the quarter, compared to analysts’ expectations of $0.31 million. Zentek had a negative net margin of 5,848.76% and a negative return on equity of 77.35%.

Zentek Stock Performance

Shares of ZTEK stock opened at $0.49 on Friday. The firm has a market capitalization of $62.01 million, a price-to-earnings ratio of -6.99 and a beta of 0.46. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $0.56 and its 200-day moving average price is $0.63. Zentek has a 12 month low of $0.37 and a 12 month high of $1.34.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zentek in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Zentek Company Profile

Zentek Ltd. (NASDAQ: ZTEK) is a nanotechnology company headquartered in Vancouver, British Columbia, specializing in the development and commercialization of advanced polymer and coating technologies. The company’s core focus is on materials engineered to enhance thermal management, structural performance and acoustic properties across a variety of end markets. By leveraging proprietary polymer chemistry, Zentek designs solutions that address critical performance challenges in energy storage, electronics and safety applications.

Zentek’s product portfolio includes phase-change materials and flexible polymer foams tailored for battery and power electronics thermal management in electric vehicles and stationary energy storage systems.