EcoSynthetix (TSE:ECO) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of EcoSynthetix Inc. (TSE:ECO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.19 and traded as high as C$4.20. EcoSynthetix shares last traded at C$4.20, with a volume of 30,266 shares traded.

EcoSynthetix Price Performance

The company has a quick ratio of 12.67, a current ratio of 14.05 and a debt-to-equity ratio of 0.84. The stock’s 50 day moving average price is C$4.03 and its two-hundred day moving average price is C$4.19. The firm has a market capitalization of C$245.96 million, a price-to-earnings ratio of -420.00 and a beta of 0.53.

EcoSynthetix (TSE:ECO) last issued its earnings results on Thursday, November 6th. The company reported C$0.00 earnings per share for the quarter. The company had revenue of C$8.12 million for the quarter. EcoSynthetix had a negative return on equity of 4.35% and a negative net margin of 10.94%. Analysts anticipate 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.