EcoSynthetix (TSE:ECO) Sets New 52-Week Low – What’s Next?

Shares of EcoSynthetix Inc. (TSE:ECO) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$2.01 and last traded at C$2.12, with a volume of 904 shares changing hands. The stock had previously closed at C$2.07.

EcoSynthetix Price Performance

The business has a fifty day moving average of C$2.46 and a 200 day moving average of C$2.98. The firm has a market cap of C$121.10 million, a P/E ratio of -103.00 and a beta of 0.70. 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) last released its quarterly earnings data 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 business had revenue of C$6.45 million during the quarter. On average, sell-side analysts anticipate 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).