EcoSynthetix (TSE:ECO) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

EcoSynthetix Inc. (TSE:ECO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.22 and traded as high as C$4.24. EcoSynthetix shares last traded at C$4.00, with a volume of 22,204 shares trading hands.

EcoSynthetix Price Performance

The business has a fifty day moving average of C$4.16 and a 200-day moving average of C$4.22. The firm has a market cap of C$234.25 million, a PE ratio of -400.00 and a beta of 0.28. The company has a current ratio of 14.05, a quick ratio of 12.67 and a debt-to-equity ratio of 0.84.

EcoSynthetix (TSE:ECO) last posted its earnings results on Thursday, November 6th. The company reported C$0.00 earnings per share for the quarter. EcoSynthetix had a negative return on equity of 4.35% and a negative net margin of 10.94%.The business had revenue of C$8.12 million during the quarter. As a group, research analysts predict that EcoSynthetix Inc. will post 0.18 earnings per share for the current 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.