EcoSynthetix (TSE:ECO) Reaches New 12-Month Low – Here’s Why

EcoSynthetix Inc. (TSE:ECO)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$2.16 and last traded at C$2.17, with a volume of 11256 shares trading hands. The stock had previously closed at C$2.29.

EcoSynthetix Price Performance

The business has a fifty day moving average of C$2.54 and a 200-day moving average of C$3.03. The firm has a market cap of C$129.33 million, a PE ratio of -110.00 and a beta of 0.70. The company has a current ratio of 23.15, a quick ratio of 12.67 and a debt-to-equity ratio of 5.06.

EcoSynthetix (TSE:ECO) last posted 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 company had revenue of C$6.45 million for the quarter. As a group, research analysts predict that EcoSynthetix Inc. will post 0.18 earnings per share for the current year.

About EcoSynthetix

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).