Zentek (NASDAQ:ZTEK) Announces Earnings Results

Zentek (NASDAQ:ZTEK) announced its earnings results on Friday. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01, Zacks reports. Zentek had a negative return on equity of 81.95% and a negative net margin of 5,848.76%.

Zentek Stock Performance

Shares of NASDAQ ZTEK traded down $0.02 during trading on Friday, hitting $0.62. The company had a trading volume of 137,375 shares, compared to its average volume of 213,080. The stock has a 50 day simple moving average of $0.51 and a 200 day simple moving average of $0.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.53 and a current ratio of 0.64. Zentek has a 12 month low of $0.37 and a 12 month high of $1.24. The firm has a market capitalization of $78.12 million, a P/E ratio of -8.71 and a beta of 0.44.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zentek in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.