EcoSynthetix (TSE:ECO) Share Price Passes Above 200-Day Moving Average of $4.57

EcoSynthetix Inc. (TSE:ECO) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.57 and traded as high as C$4.83. EcoSynthetix shares last traded at C$4.71, with a volume of 5,402 shares traded.

EcoSynthetix Trading Up 0.2 %

The firm’s fifty day moving average price is C$4.69 and its 200-day moving average price is C$4.57. The company has a market cap of C$275.44 million, a price-to-earnings ratio of -94.20 and a beta of 0.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 15.32 and a quick ratio of 12.67.

EcoSynthetix (TSE:ECO) last released its earnings results on Monday, May 6th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$6.32 million for the quarter. EcoSynthetix had a negative net margin of 17.17% and a negative return on equity of 5.83%. On average, equities analysts expect that EcoSynthetix Inc. will post 0.18 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Robert Martin Haire sold 119,309 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of C$4.50, for a total value of C$537,248.43. In other news, insider Lions Investment Ltd sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of C$4.35, for a total transaction of C$4,350,200.00. Also, Senior Officer Robert Martin Haire sold 119,309 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$4.50, for a total value of C$537,248.43. 16.22% of the stock is currently owned by insiders.

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.