Ecosynthetix (TSE:ECO) Reaches New 52-Week High at $3.45

Shares of Ecosynthetix Inc (TSE:ECO) hit a new 52-week high during trading on Thursday . The company traded as high as C$3.45 and last traded at C$3.43, with a volume of 6360 shares. The stock had previously closed at C$3.34.

The business has a 50 day simple moving average of C$3.18. The firm has a market capitalization of $194.99 million and a P/E ratio of -115.52. The company has a current ratio of 26.58, a quick ratio of 24.62 and a debt-to-equity ratio of 2.77.

Ecosynthetix (TSE:ECO) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$5.94 million during the quarter. As a group, research analysts predict that Ecosynthetix Inc will post -0.01 earnings per share for the current fiscal year.

About Ecosynthetix (TSE:ECO)

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 in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers EcoMer biomonomer for use in pressure sensitive adhesives, ink, toner resins, and paints; EcoSphere biolatex used as coating binder for paper and paperboard; EcoStix, a family of pressure-sensitive adhesives, which include customizable resin grades and formulated grades; and DuraBind engineered biopolymers enable manufacturers of particle board, MDF, veneers, and laminates to decrease the amount of highly regulated chemicals, such as formaldehyde in their formulation.

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