EcoSynthetix (TSE:ECO) Hits New 12-Month Low – Time to Sell?
by Danessa Lincoln · The Markets DailyEcoSynthetix Inc. (TSE:ECO – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as C$1.57 and last traded at C$1.63, with a volume of 8201 shares trading hands. The stock had previously closed at C$1.75.
EcoSynthetix Trading Down 5.1%
The stock has a fifty day moving average of C$2.29 and a 200 day moving average of C$2.87. The company has a debt-to-equity ratio of 5.06, a quick ratio of 12.67 and a current ratio of 23.15. The company has a market capitalization of C$97.58 million, a PE ratio of -83.00 and a beta of 0.70.
EcoSynthetix (TSE:ECO – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$6.45 million for the quarter. EcoSynthetix had a negative net margin of 4.72% and a negative return on equity of 2.47%. As a group, sell-side analysts predict that EcoSynthetix Inc. will post 0.18 earnings per share for the current fiscal year.
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).