Key Points
- EcoSynthetix director Jeffrey Nodland purchased 10,000 shares at C$2.04 each, investing C$20,400 and increasing his direct holdings by 24.39% to 51,000 shares.
- ECO shares opened at C$1.91, down 5.9%, near their 52-week low of C$1.90 and well below the 52-week high of C$5.02.
- The company reported quarterly revenue of C$6.45 million and a loss of C$0.01 per share; analysts expect full-year EPS of C$0.18.
EcoSynthetix Inc. (TSE:ECO - Get Free Report) Director Jeffrey Nodland purchased 10,000 shares of the firm's stock in a transaction that occurred on Friday, September 18th. The stock was bought at an average price of C$2.04 per share, for a total transaction of C$20,400.00. Following the transaction, the director directly owned 51,000 shares of the company's stock, valued at C$104,040. This trade represents a 24.39% increase in their position.
EcoSynthetix Stock Down 5.9%
ECO stock opened at C$1.91 on Tuesday. The business has a 50-day simple moving average of C$2.42 and a 200 day simple moving average of C$2.96. The company has a market cap of C$112.28 million, a PE ratio of -95.50 and a beta of 0.70. The company has a quick ratio of 12.67, a current ratio of 23.15 and a debt-to-equity ratio of 5.06. EcoSynthetix Inc. has a 52 week low of C$1.90 and a 52 week high of C$5.02.
EcoSynthetix (TSE:ECO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$6.45 million for the quarter. EcoSynthetix had a negative return on equity of 2.47% and a negative net margin of 4.72%. Sell-side analysts anticipate that EcoSynthetix Inc. will post 0.18 EPS for the current fiscal year.
EcoSynthetix Company Profile
(
Get Free Report)
EcoSynthetix offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. The Company's flagship products, DuraBind¿, Surflock¿, Bioform¿ and EcoSphere®, are used to manufacture wood composites, personal care, paper, tissue and packaging products, and enable performance improvements, economic benefits and carbon footprint reduction. The Company is publicly traded on the Toronto Stock Exchange (T:ECO).
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