EcoSynthetix (TSE:ECO) Stock Crosses Above 200-Day Moving Average of $4.21

EcoSynthetix Inc. (TSE:ECO)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.21 and traded as high as C$4.84. EcoSynthetix shares last traded at C$4.80, with a volume of 4,323 shares changing hands.

EcoSynthetix Stock Down 0.6 %

The company has a current ratio of 24.00, a quick ratio of 12.67 and a debt-to-equity ratio of 1.43. The company has a market capitalization of C$281.33 million, a PE ratio of -68.57 and a beta of 0.88. The business’s 50-day simple moving average is C$5.03 and its 200-day simple moving average is C$4.21.

EcoSynthetix (TSE:ECO) last posted its quarterly earnings results on Tuesday, February 27th. The company reported C($0.01) earnings per share (EPS) for the quarter. EcoSynthetix had a negative return on equity of 6.56% and a negative net margin of 22.28%. The business had revenue of C$3.87 million for the quarter. As a group, equities research analysts anticipate that EcoSynthetix Inc. will post 0.18 EPS for the current fiscal year.

EcoSynthetix Company Profile

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 worldwide. 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 industry; 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, and OSB to decrease the amount of highly regulated chemicals, such as formaldehyde in their formulation.