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

EcoSynthetix Inc. (TSE:ECOGet Free Report) reached a new 52-week low on Monday . The stock traded as low as C$2.29 and last traded at C$2.30, with a volume of 17409 shares. The stock had previously closed at C$2.29.

EcoSynthetix Stock Performance

The firm’s 50 day simple moving average is C$2.71 and its 200-day simple moving average is C$3.15. The company has a market capitalization of C$135.21 million, a price-to-earnings ratio of -115.00 and a beta of 0.67. The company has a debt-to-equity ratio of 5.06, a quick ratio of 12.67 and a current ratio of 23.15.

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

About EcoSynthetix

(Get Free Report)

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).

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