Synthomer (LON:SYNT) Reaches New 52-Week Low – Here’s Why

Synthomer plc (LON:SYNT)’s stock price reached a new 52-week low on Thursday . The company traded as low as GBX 127.20 ($1.60) and last traded at GBX 129.60 ($1.63), with a volume of 439523 shares changing hands. The stock had previously closed at GBX 131 ($1.65).

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price objective on shares of Synthomer from GBX 265 ($3.33) to GBX 230 ($2.89) and set a “buy” rating for the company in a research report on Monday, January 6th.

Synthomer Price Performance

The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90. The company has a market cap of £212.51 million, a price-to-earnings ratio of -2.60, a PEG ratio of -0.17 and a beta of 1.79. The company has a 50-day simple moving average of GBX 149.19 and a 200-day simple moving average of GBX 182.37.

About Synthomer

Synthomer plc operates as a specialty chemicals company in the United Kingdom and internationally. It operates through five segments: Performance Elastomers, Functional Solutions, Industrial Specialities, Acrylate Monomers, and Adhesive Technologies. The company offers adhesives, including PSA labels, packaging and specialty tapes, saturants, release coatings, wood working, wet glues, hygiene and contact adhesives, packaging and assembly hot melt adhesives; coatings products such as architectural, masonry, intumescent, metal, wood, soil releases, blinders, ink receptive, polyester for powder coatings, SYNTHOMER NX for coalescing agents, and SYNOLOX BEPF for glycol.