Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
EcoSynthetix ( (TSE:ECO) ) has provided an announcement.
EcoSynthetix Inc. has secured two new tissue line contracts in Europe for its bio-based strength aid, SurfLock™, through a partnership with RNM Group. This development highlights the growing recognition of SurfLock™’s value in strengthening paper applications while using cost-effective or recycled materials, enhancing EcoSynthetix’s market position and expanding its reach in the tissue industry.
The most recent analyst rating on (TSE:ECO) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on EcoSynthetix stock, see the TSE:ECO Stock Forecast page.
Spark’s Take on TSE:ECO Stock
According to Spark, TipRanks’ AI Analyst, TSE:ECO is a Neutral.
EcoSynthetix’s stock score is primarily influenced by its financial performance and valuation. While revenue growth is a positive aspect, the company’s profitability issues and cash flow challenges weigh heavily on the score. Technical analysis indicates a neutral trend, offering no significant momentum. The lack of earnings call data and corporate events means these factors do not impact the score.
To see Spark’s full report on TSE:ECO stock, click here.
More about EcoSynthetix
EcoSynthetix Inc. is a renewable chemicals company that produces bio-based products aimed at reducing the use of harmful materials in various industries. Their flagship products, including SurfLock™, are used in wood composites, personal care, paper, tissue, and packaging products, offering performance improvements, economic benefits, and reduced carbon footprints.
Average Trading Volume: 47,518
Technical Sentiment Signal: Buy
Current Market Cap: C$248.1M
Learn more about ECO stock on TipRanks’ Stock Analysis page.