EcoSynthetix (TSE:ECO) Hits New 12-Month Low – Time to Sell?

Shares of EcoSynthetix Inc. (TSE:ECO) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as C$1.57 and last traded at C$1.63, with a volume of 8201 shares traded. The stock had previously closed at C$1.75.

EcoSynthetix Stock Performance

The company has a market capitalization of C$97.58 million, a P/E ratio of -83.00 and a beta of 0.70. The business has a 50 day moving average of C$2.29 and a 200 day moving average of C$2.87. The company has a quick ratio of 12.67, a current ratio of 23.15 and a debt-to-equity ratio of 5.06.

EcoSynthetix (TSE:ECO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$6.45 million for the quarter. EcoSynthetix had a negative return on equity of 2.47% and a negative net margin of 4.72%. On average, sell-side analysts predict 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).