Synthomer (LON:SYNT) Sets New 52-Week Low – Here’s What Happened

Synthomer plc (LON:SYNT) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 122 ($1.55) and last traded at GBX 122.20 ($1.55), with a volume of 566085 shares. The stock had previously closed at GBX 129 ($1.64).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their target price on Synthomer from GBX 265 ($3.37) to GBX 230 ($2.92) and set a “buy” rating on the stock in a report on Monday, January 6th.

Synthomer Trading Down 5.3 %

The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 78.27. The company’s 50-day moving average is GBX 143.83 and its 200 day moving average is GBX 176.31. The company has a market cap of £200.38 million, a price-to-earnings ratio of -2.45, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79.

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.