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

EcoSynthetix Inc. (TSE:ECO)’s share price hit a new 52-week low on Tuesday . The stock traded as low as C$1.85 and last traded at C$1.89, with a volume of 5852 shares. The stock had previously closed at C$1.91.

EcoSynthetix Trading Down 1.0%

The company’s fifty day moving average price is C$2.42 and its two-hundred day moving average price is C$2.96. 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 market cap of C$111.10 million, a price-to-earnings ratio of -94.50 and a beta of 0.70.

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

EcoSynthetix Company Profile

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).