EcoSynthetix (TSE:ECO) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of EcoSynthetix Inc. (TSE:ECO) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$4.19 and traded as high as C$4.20. EcoSynthetix shares last traded at C$4.20, with a volume of 30,266 shares trading hands.

EcoSynthetix Price Performance

The stock has a market capitalization of C$245.96 million, a P/E ratio of -420.00 and a beta of 0.53. The business’s 50 day simple moving average is C$4.03 and its two-hundred day simple moving average is C$4.19. The company has a quick ratio of 12.67, a current ratio of 14.05 and a debt-to-equity ratio of 0.84.

EcoSynthetix (TSE:ECO) last posted its earnings results on Thursday, November 6th. The company reported C$0.00 earnings per share for the quarter. EcoSynthetix had a negative net margin of 10.94% and a negative return on equity of 4.35%. The company had revenue of C$8.12 million for the quarter. As a group, sell-side analysts forecast that EcoSynthetix Inc. will post 0.18 earnings per share for the current fiscal year.

About EcoSynthetix

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. Its products include EcoSphere biolatex and DuraBindTM biopolymers. EcoSphere biolatex binders are used by manufacturers within the coated paper and paperboard industry, whereas the DuraBindTM is used in the production of wood composite panels.