Synthomer (LON:SYNT) Reaches New 12-Month Low – Time to Sell?

Synthomer plc (LON:SYNT)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 110.60 ($1.43) and last traded at GBX 116.80 ($1.51), with a volume of 3067686 shares traded. The stock had previously closed at GBX 117 ($1.51).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut shares of Synthomer to a “hold” rating and decreased their price target for the company from GBX 230 ($2.97) to GBX 150 ($1.94) in a report on Wednesday, March 12th.

Synthomer Price Performance

The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97. The stock’s fifty day simple moving average is GBX 137 and its 200-day simple moving average is GBX 166.05. The company has a market capitalization of £191.53 million, a P/E ratio of -2.34, a PEG ratio of -0.17 and a beta of 1.79.

Synthomer (LON:SYNT) last released its quarterly earnings results on Wednesday, March 12th. The company reported GBX (3.50) (($0.05)) earnings per share (EPS) for the quarter. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%. On average, equities analysts forecast that Synthomer plc will post 12.962963 earnings per share for the current fiscal year.

Synthomer Company Profile

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.