EcoSynthetix (TSE:ECO) Reaches New 12-Month Low at $2.92

EcoSynthetix Inc. (TSE:ECO – Get Rating)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as C$2.92 and last traded at C$2.96, with a volume of 1703 shares. The stock had previously closed at C$2.97.

EcoSynthetix Stock Performance

The stock has a 50-day simple moving average of C$3.46 and a 200-day simple moving average of C$3.81. The company has a market capitalization of C$175.44 million, a price-to-earnings ratio of -49.33 and a beta of 0.71. The company has a current ratio of 13.18, a quick ratio of 12.67 and a debt-to-equity ratio of 1.82.

EcoSynthetix (TSE:ECO – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The company reported C($0.01) earnings per share (EPS) for the quarter. EcoSynthetix had a negative return on equity of 5.12% and a negative net margin of 12.48%. The firm had revenue of C$7.62 million for the quarter. On average, analysts anticipate that EcoSynthetix Inc. will post 0.18 earnings per share for the current year.

EcoSynthetix Company Profile

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EcoSynthetix Inc, a renewable chemicals company, develops and commercializes bio-based technologies that are used as replacement solutions for synthetic, petrochemical-based adhesives, and other related products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers EcoMer biomonomer for use in pressure sensitive adhesives, ink, toner resins, and paints; EcoSphere biolatex, a bio-based latex binder used in paper and paperboard coatings; EcoStix, a family of sugar-acrylic and pressure-sensitive adhesives, which include customizable resin grades and formulated grades; and DuraBind engineered biopolymers that enable manufacturers of particle board, MDF, veneers, and laminates to decrease the amount of highly regulated chemicals, such as formaldehyde in their formulation.