EcoSynthetix (TSE:ECO) Sets New 52-Week Low – Here’s Why

EcoSynthetix Inc. (TSE:ECO) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as C$1.57 and last traded at C$1.63, with a volume of 8201 shares. The stock had previously closed at C$1.75.

EcoSynthetix Stock Performance

The company has a quick ratio of 12.67, a current ratio of 23.15 and a debt-to-equity ratio of 5.06. The stock has a fifty day moving average of C$2.25 and a 200-day moving average of C$2.85. The firm has a market capitalization of C$98.17 million, a P/E ratio of -83.50 and a beta of 0.70.

EcoSynthetix (TSE:ECO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. EcoSynthetix had a negative net margin of 4.72% and a negative return on equity of 2.47%. The business had revenue of C$6.45 million during the quarter. On average, research analysts anticipate that EcoSynthetix Inc. will post 0.18 EPS 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).