EcoSynthetix (TSE:ECO) Hits New 12-Month Low – Time to Sell?

EcoSynthetix Inc. (TSE:ECO) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$2.87 and last traded at C$2.85, with a volume of 51424 shares changing hands. The stock had previously closed at C$2.94.

EcoSynthetix Price Performance

The company has a debt-to-equity ratio of 5.38, a current ratio of 20.57 and a quick ratio of 12.67. The firm has a market cap of C$167.71 million, a price-to-earnings ratio of -285.00 and a beta of 0.74. The business’s 50-day moving average price is C$3.17 and its two-hundred day moving average price is C$3.50.

EcoSynthetix (TSE:ECO) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$5.25 million during the quarter. EcoSynthetix had a negative net margin of 1.98% and a negative return on equity of 1.06%. On average, research analysts forecast that EcoSynthetix Inc. will post 0.18 EPS for the current fiscal year.

EcoSynthetix Company Profile

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.