EcoSynthetix (TSE:ECO) Hits New 1-Year Low – What’s Next?

EcoSynthetix Inc. (TSE:ECO)’s share price reached a new 52-week low on Tuesday . The company traded as low as C$3.34 and last traded at C$3.39, with a volume of 21414 shares traded. The stock had previously closed at C$3.52.

EcoSynthetix Trading Down 3.7%

The company’s 50 day simple moving average is C$3.96 and its 200-day simple moving average is C$4.14. The firm has a market cap of C$200.22 million, a P/E ratio of -339.00 and a beta of 0.49. The company has a quick ratio of 12.67, a current ratio of 15.62 and a debt-to-equity ratio of 5.69.

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.