EcoSynthetix (TSE:ECO) Shares Cross Above Two Hundred Day Moving Average of $4.24

EcoSynthetix Inc. (TSE:ECO) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

EcoSynthetix Price Performance

The company has a quick ratio of 12.67, a current ratio of 24.00 and a debt-to-equity ratio of 1.43. The company’s 50-day moving average is C$4.90 and its 200-day moving average is C$4.25. The stock has a market cap of C$278.98 million, a price-to-earnings ratio of -68.00 and a beta of 0.88.

EcoSynthetix (TSE:ECO) last issued its 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 company had revenue of C$3.87 million during the quarter. Equities research 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.