EcoSynthetix (TSE:ECO) Sets New 12-Month Low – Should You Sell?

EcoSynthetix Inc. (TSE:ECO)’s share price reached a new 52-week low during 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 Stock 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$178.89 million, a price-to-earnings ratio of -304.00 and a beta of 0.71. The stock’s 50 day moving average price is C$3.22 and its two-hundred day moving average price is C$3.56.

EcoSynthetix (TSE:ECO) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C($0.01) EPS for the quarter. EcoSynthetix had a negative net margin of 1.98% and a negative return on equity of 1.06%. The company had revenue of C$5.25 million during the quarter. On average, analysts forecast that EcoSynthetix Inc. will post 0.18 EPS 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.