EcoSynthetix (TSE:ECO) Sets New 12-Month Low – Here’s What Happened

EcoSynthetix Inc. (TSE:ECO) shares hit a new 52-week low during mid-day trading on Friday. The stock traded as low as C$1.66 and last traded at C$1.60, with a volume of 156,410 shares changing hands. The stock had previously closed at C$1.67.

EcoSynthetix Stock Performance

The company has a market cap of C$89.35 million, a PE ratio of -76.00 and a beta of 0.87. The company has a debt-to-equity ratio of 5.06, a quick ratio of 12.67 and a current ratio of 23.15. The stock’s 50-day simple moving average is C$2.06 and its 200 day simple moving average is C$2.71.

EcoSynthetix (TSE:ECO) last issued its earnings results on Tuesday, July 28th. The company reported C($0.01) earnings per share for the quarter. EcoSynthetix had a negative net margin of 4.72% and a negative return on equity of 2.47%. The firm had revenue of C$6.45 million during the quarter. As a group, equities analysts anticipate that EcoSynthetix Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling at EcoSynthetix

In other EcoSynthetix news, insider Lions Investment Ltd sold 200,000 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of C$1.65, for a total value of C$330,000.00. Following the completion of the transaction, the insider directly owned 6,960,151 shares of the company’s stock, valued at approximately C$11,484,249.15. This trade represents a 2.79% decrease in their ownership of the stock. 14.45% of the stock is currently owned by company insiders.

EcoSynthetix Company Profile

EcoSynthetix offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. The Company’s flagship products, DuraBind¿, Surflock¿, Bioform¿ and EcoSphere®, are used to manufacture wood composites, personal care, paper, tissue and packaging products, and enable performance improvements, economic benefits and carbon footprint reduction. The Company is publicly traded on the Toronto Stock Exchange (T:ECO).