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

Shares of EcoSynthetix Inc. (TSE:ECO) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$2.99 and last traded at C$3.09, with a volume of 9600 shares changing hands. The stock had previously closed at C$3.35.

EcoSynthetix Price Performance

The company has a current ratio of 20.57, a quick ratio of 12.67 and a debt-to-equity ratio of 5.38. The firm has a market capitalization of C$181.83 million, a price-to-earnings ratio of -309.00 and a beta of 0.71. The company’s 50 day moving average is C$3.23 and its 200-day moving average is C$3.58.

EcoSynthetix (TSE:ECO) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$5.25 million for the quarter. EcoSynthetix had a negative return on equity of 1.06% and a negative net margin of 1.98%. Equities research analysts anticipate that EcoSynthetix Inc. will post 0.18 earnings per share for the current 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.