EcoSynthetix (TSE:ECO) Hits New 1-Year Low – Should You Sell?

EcoSynthetix Inc. (TSE:ECO) shares hit a new 52-week low on Thursday . The stock traded as low as C$2.16 and last traded at C$2.17, with a volume of 11256 shares changing hands. The stock had previously closed at C$2.29.

EcoSynthetix Stock Performance

The stock has a market capitalization of C$127.56 million, a PE ratio of -108.50 and a beta of 0.70. The company has a debt-to-equity ratio of 5.06, a current ratio of 23.15 and a quick ratio of 12.67. The business’s fifty day moving average price is C$2.57 and its 200-day moving average price is C$3.05.

EcoSynthetix (TSE:ECO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. The firm 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%. As a group, equities research analysts expect that EcoSynthetix Inc. will post 0.18 EPS 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).