EcoSynthetix (TSE:ECO) Issues Earnings Results

EcoSynthetix (TSE:ECO) released its quarterly earnings results on Tuesday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$6.45 million during the quarter. EcoSynthetix had a negative net margin of 1.98% and a negative return on equity of 1.06%.

EcoSynthetix Trading Down 3.0%

Shares of EcoSynthetix stock opened at C$2.55 on Wednesday. EcoSynthetix has a fifty-two week low of C$2.52 and a fifty-two week high of C$5.02. The company has a debt-to-equity ratio of 5.38, a quick ratio of 12.67 and a current ratio of 20.57. The company has a market cap of C$150.06 million, a P/E ratio of -255.00 and a beta of 0.74. The firm has a 50-day simple moving average of C$3.07 and a two-hundred day simple moving average of C$3.41.

About EcoSynthetix

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.