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

EcoSynthetix Inc. (TSE:ECO) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$2.87 and last traded at C$2.85, with a volume of 51424 shares trading hands. The stock had previously closed at C$2.94.

EcoSynthetix Trading Down 3.1%

The company has a market cap of C$167.71 million, a P/E ratio of -285.00 and a beta of 0.74. The business has a fifty day simple moving average of C$3.17 and a 200 day simple moving average of C$3.50. The company has a debt-to-equity ratio of 5.38, a quick ratio of 12.67 and a current ratio of 20.57.

EcoSynthetix (TSE:ECO) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$5.25 million during the quarter. EcoSynthetix had a negative net margin of 1.98% and a negative return on equity of 1.06%. Analysts anticipate that EcoSynthetix Inc. will post 0.18 earnings per share for the current fiscal 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.