EcoSynthetix (TSE:ECO) Sets New 52-Week Low – What’s Next?

EcoSynthetix Inc. (TSE:ECO) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$2.68 and last traded at C$2.68, with a volume of 400 shares changing hands. The stock had previously closed at C$2.71.

EcoSynthetix Price Performance

The firm’s fifty day moving average price is C$3.12 and its 200 day moving average price is C$3.45. The company has a quick ratio of 12.67, a current ratio of 20.57 and a debt-to-equity ratio of 5.38. The stock has a market cap of C$155.94 million, a PE ratio of -265.00 and a beta of 0.74.

EcoSynthetix (TSE:ECO) last posted its earnings results on Tuesday, May 5th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$5.25 million for the quarter. EcoSynthetix had a negative net margin of 1.98% and a negative return on equity of 1.06%. As a group, equities analysts expect that EcoSynthetix Inc. will post 0.18 EPS for the current fiscal year.

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.