EcoSynthetix (TSE:ECO) Reaches New 12-Month Low – What’s Next?

Shares of EcoSynthetix Inc. (TSE:ECO) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$2.23 and last traded at C$2.45, with a volume of 31070 shares. The stock had previously closed at C$2.55.

EcoSynthetix Trading Down 3.9%

The firm has a 50-day moving average of C$3.07 and a 200 day moving average of C$3.41. The company has a current ratio of 20.57, a quick ratio of 12.67 and a debt-to-equity ratio of 5.38. The stock has a market capitalization of C$144.17 million, a price-to-earnings ratio of -245.00 and a beta of 0.74.

EcoSynthetix (TSE:ECO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. EcoSynthetix had a negative return on equity of 1.06% and a negative net margin of 1.98%.The business had revenue of C$6.45 million for the quarter. As a group, equities analysts predict that EcoSynthetix Inc. will post 0.18 EPS for the current fiscal year.

EcoSynthetix Company Profile

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.