EcoSynthetix (TSE:ECO) Share Price Passes Above 200-Day Moving Average of $4.24

EcoSynthetix Inc. (TSE:ECO) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.24 and traded as high as C$4.80. EcoSynthetix shares last traded at C$4.76, with a volume of 6,700 shares.

EcoSynthetix Trading Up 1.9 %

The stock has a market cap of C$278.98 million, a P/E ratio of -68.00 and a beta of 0.88. The company has a debt-to-equity ratio of 1.43, a current ratio of 24.00 and a quick ratio of 12.67. The business’s 50 day simple moving average is C$4.93 and its 200 day simple moving average is C$4.24.

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