Zentek (NASDAQ:ZTEK) Releases Earnings Results, Meets Estimates

Zentek (NASDAQ:ZTEK) released its earnings results on Thursday. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03), Zacks reports. Zentek had a negative return on equity of 60.84% and a negative net margin of 875.49%.

Zentek Stock Performance

Shares of Zentek stock traded down $0.01 during trading on Thursday, hitting $0.41. 42,386 shares of the company’s stock were exchanged, compared to its average volume of 212,858. The stock has a market capitalization of $51.41 million, a price-to-earnings ratio of -8.12 and a beta of 0.46. The business has a 50-day simple moving average of $0.56 and a 200-day simple moving average of $0.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.74 and a current ratio of 1.00. Zentek has a 52-week low of $0.37 and a 52-week high of $1.35.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zentek in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

About Zentek

Zentek Ltd. (NASDAQ: ZTEK) is a nanotechnology company headquartered in Vancouver, British Columbia, specializing in the development and commercialization of advanced polymer and coating technologies. The company’s core focus is on materials engineered to enhance thermal management, structural performance and acoustic properties across a variety of end markets. By leveraging proprietary polymer chemistry, Zentek designs solutions that address critical performance challenges in energy storage, electronics and safety applications.

Zentek’s product portfolio includes phase-change materials and flexible polymer foams tailored for battery and power electronics thermal management in electric vehicles and stationary energy storage systems.