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EcoSynthetix (TSE:ECO) Hits New 52-Week Low - Time to Sell?

EcoSynthetix logo with Basic Materials background

Shares of EcoSynthetix Inc. (TSE:ECO - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as C$3.80 and last traded at C$3.94, with a volume of 7500 shares. The stock had previously closed at C$4.09.

EcoSynthetix Stock Performance

The company has a debt-to-equity ratio of 0.84, a quick ratio of 12.67 and a current ratio of 14.05. The business has a 50 day moving average price of C$4.56 and a two-hundred day moving average price of C$4.32. The company has a market cap of C$169.13 million, a P/E ratio of -97.34 and a beta of 0.87.

EcoSynthetix Company Profile

(Get Free Report)

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.

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