EcoSynthetix (TSE:ECO) Issues Quarterly Earnings Results

EcoSynthetix (TSE:ECO) issued its quarterly earnings results on Tuesday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. EcoSynthetix had a negative return on equity of 1.12% and a negative net margin of 2.07%.The firm had revenue of C$5.25 million for the quarter.

EcoSynthetix Trading Up 1.2%

Shares of ECO stock opened at C$3.26 on Wednesday. The company has a quick ratio of 12.67, a current ratio of 15.62 and a debt-to-equity ratio of 5.69. The business has a 50-day moving average price of C$3.38 and a two-hundred day moving average price of C$3.88. EcoSynthetix has a 12-month low of C$3.00 and a 12-month high of C$5.02. The firm has a market cap of C$191.84 million, a P/E ratio of -326.00 and a beta of 0.72.

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.