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

Shares of EcoSynthetix Inc. (TSE:ECO) reached a new 52-week low during trading on Friday . The company traded as low as C$3.90 and last traded at C$3.87, with a volume of 10900 shares. The stock had previously closed at C$3.92.

EcoSynthetix Stock Down 1.3%

The company has a market capitalization of C$226.63 million, a P/E ratio of -387.00 and a beta of 0.28. The company has a debt-to-equity ratio of 0.84, a quick ratio of 12.67 and a current ratio of 14.05. The firm’s fifty day moving average is C$4.14 and its 200-day moving average is C$4.22.

EcoSynthetix (TSE:ECO) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.00 EPS for the quarter. EcoSynthetix had a negative net margin of 10.94% and a negative return on equity of 4.35%. The business had revenue of C$8.12 million during the quarter. As a group, equities research analysts predict that EcoSynthetix Inc. will post 0.18 EPS for the current 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.