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

EcoSynthetix Inc. (TSE:ECO) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$2.29 and last traded at C$2.30, with a volume of 17409 shares changing hands. The stock had previously closed at C$2.29.

EcoSynthetix Price Performance

The company’s 50 day simple moving average is C$2.67 and its 200 day simple moving average is C$3.12. The company has a current ratio of 23.15, a quick ratio of 12.67 and a debt-to-equity ratio of 5.06. The stock has a market capitalization of C$132.85 million, a PE ratio of -113.00 and a beta of 0.67.

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. The business had revenue of C$6.45 million for the quarter. EcoSynthetix had a negative return on equity of 2.47% and a negative net margin of 4.72%. On average, equities analysts anticipate 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).