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

EcoSynthetix Inc. (TSE:ECO)’s share price passed 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 Price Performance

The business’s 50 day moving average is C$4.90 and its 200-day moving average is C$4.25. 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 company has a market cap of C$278.98 million, a PE ratio of -68.00 and a beta of 0.88.

EcoSynthetix (TSE:ECO) last issued 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 firm had revenue of C$3.87 million during the quarter. As a group, analysts predict that EcoSynthetix Inc. will post 0.18 EPS for the current year.

About EcoSynthetix

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.