EcoSynthetix (TSE:ECO) Reaches New 1-Year Low – What’s Next?

EcoSynthetix Inc. (TSE:ECO) shares reached a new 52-week low on Thursday . The stock traded as low as C$3.78 and last traded at C$4.00, with a volume of 2800 shares traded. The stock had previously closed at C$3.95.

EcoSynthetix Price Performance

The stock has a fifty day moving average price of C$4.10 and a 200-day moving average price of C$4.21. The company has a debt-to-equity ratio of 0.84, a current ratio of 14.05 and a quick ratio of 12.67. The company has a market cap of C$231.32 million, a PE ratio of -395.00 and a beta of 0.28.

EcoSynthetix (TSE:ECO) last announced its earnings results on Thursday, November 6th. The company reported C$0.00 earnings per share for the quarter. EcoSynthetix had a negative return on equity of 4.35% and a negative net margin of 10.94%.The company had revenue of C$8.12 million during the quarter. On average, equities analysts expect that EcoSynthetix Inc. will post 0.18 earnings per share for the current 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.