EcoSynthetix (TSE:ECO) Reaches New 52-Week Low – Time to Sell?

EcoSynthetix Inc. (TSE:ECO)’s share price reached a new 52-week low on Tuesday . The company traded as low as C$1.85 and last traded at C$1.89, with a volume of 5852 shares changing hands. The stock had previously closed at C$1.91.

EcoSynthetix Trading Up 4.5%

The company has a quick ratio of 12.67, a current ratio of 23.15 and a debt-to-equity ratio of 5.06. The company has a market capitalization of C$108.75 million, a P/E ratio of -92.50 and a beta of 0.70. The firm’s 50-day moving average price is C$2.38 and its 200 day moving average price is C$2.93.

EcoSynthetix (TSE:ECO) last released its quarterly earnings results on Tuesday, July 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. EcoSynthetix had a negative net margin of 4.72% and a negative return on equity of 2.47%. The company had revenue of C$6.45 million for the quarter. As a group, equities research analysts predict that EcoSynthetix Inc. will post 0.18 earnings per share for the current year.

About EcoSynthetix

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).