EcoSynthetix (TSE:ECO) Hits New 12-Month Low – Here’s What Happened

Shares of EcoSynthetix Inc. (TSE:ECO) hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$2.17 and last traded at C$2.35, with a volume of 54961 shares traded. The stock had previously closed at C$2.35.

EcoSynthetix Stock Performance

The company has a market cap of C$135.35 million, a P/E ratio of -115.00 and a beta of 0.67. 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 company has a 50 day moving average price of C$2.94 and a 200-day moving average price of C$3.31.

EcoSynthetix (TSE:ECO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$6.45 million for the quarter. EcoSynthetix had a negative net margin of 4.72% and a negative return on equity of 2.47%. Equities analysts expect that EcoSynthetix Inc. will post 0.18 EPS for the current fiscal year.

EcoSynthetix Company Profile

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.