EcoSynthetix (TSE:ECO) Reaches New 1-Year Low – Time to Sell?

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

EcoSynthetix Price Performance

The stock has a fifty day simple moving average of C$3.19 and a two-hundred day simple moving average of C$3.53. The firm has a market cap of C$176.54 million, a PE ratio of -300.00 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) EPS for the quarter. EcoSynthetix had a negative net margin of 1.98% and a negative return on equity of 1.06%. The firm had revenue of C$5.25 million for the quarter. As a group, sell-side analysts expect that EcoSynthetix Inc. will post 0.18 EPS 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.