EcoSynthetix Inc. (TSE:ECO – Get Free Report)’s share price reached a new 52-week low on Thursday. The company traded as low as C$1.34 and last traded at C$1.34, with a volume of 1,300 shares traded. The stock had previously closed at C$1.38.
EcoSynthetix Price Performance
The stock has a market capitalization of C$78.77 million, a price-to-earnings ratio of -67.00 and a beta of 0.87. The stock has a fifty day moving average of C$1.97 and a 200-day moving average of C$2.97. The company has a quick ratio of 12.67, a current ratio of 23.15 and a debt-to-equity ratio of 5.06.
EcoSynthetix (TSE:ECO – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$6.45 million during the quarter. EcoSynthetix had a negative net margin of 4.72% and a negative return on equity of 2.47%. On average, equities research analysts predict that EcoSynthetix Inc. will post 0.18 EPS for the current fiscal year.
Insider Activity
In related news, insider Lions Investment Ltd sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of C$1.65, for a total transaction of C$330,000.00. Following the transaction, the insider owned 6,960,151 shares of the company’s stock, valued at approximately C$11,484,249.15. This represents a 2.79% decrease in their ownership of the stock. 14.45% of the stock is owned by corporate insiders.
EcoSynthetix Company Profile
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).
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