EcoSynthetix (TSE:ECO) Hits New 1-Year Low – Should You Sell?

EcoSynthetix Inc. (TSE:ECO)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$2.16 and last traded at C$2.17, with a volume of 11256 shares trading hands. The stock had previously closed at C$2.29.

EcoSynthetix Trading Down 5.2%

The stock’s 50 day simple moving average is C$2.57 and its 200 day simple moving average is C$3.05. The firm has a market cap of C$127.56 million, a PE ratio of -108.50 and a beta of 0.70. The company has a debt-to-equity ratio of 5.06, a quick ratio of 12.67 and a current ratio of 23.15.

EcoSynthetix (TSE:ECO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) earnings per share for the quarter. EcoSynthetix had a negative net margin of 4.72% and a negative return on equity of 2.47%. The company had revenue of C$6.45 million for the quarter. On average, sell-side analysts forecast that EcoSynthetix Inc. will post 0.18 earnings per share for the current fiscal year.

About EcoSynthetix

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).