EcoSynthetix (TSE:ECO) Reaches New 1-Year Low – What’s Next?

EcoSynthetix Inc. (TSE:ECO)’s share price reached a new 52-week low on Tuesday . The company traded as low as C$2.91 and last traded at C$3.09, with a volume of 10050 shares. The stock had previously closed at C$2.97.

EcoSynthetix Stock Performance

The company’s fifty day simple moving average is C$3.20 and its 200 day simple moving average is C$3.54. The stock has a market capitalization of C$181.83 million, a P/E ratio of -309.00 and a beta of 0.74. The company has a current ratio of 20.57, a quick ratio of 12.67 and a debt-to-equity ratio of 5.38.

EcoSynthetix (TSE:ECO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$5.25 million during the quarter. EcoSynthetix had a negative return on equity of 1.06% and a negative net margin of 1.98%. As a group, sell-side analysts forecast that EcoSynthetix Inc. will post 0.18 earnings per share for the current fiscal year.

EcoSynthetix Company Profile

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.