Synthomer (LON:SYNT) Stock Price Down 10.6% – Time to Sell?

Synthomer plc (LON:SYNT) dropped 10.6% on Tuesday . The company traded as low as GBX 82.96 ($1.06) and last traded at GBX 84 ($1.07). Approximately 22,927,045 shares were traded during trading, an increase of 2,155% from the average daily volume of 1,016,627 shares. The stock had previously closed at GBX 93.94 ($1.20).

Analysts Set New Price Targets

Separately, Berenberg Bank downgraded Synthomer to a “hold” rating and dropped their price target for the stock from GBX 230 ($2.94) to GBX 150 ($1.92) in a research report on Wednesday, March 12th.

Synthomer Price Performance

The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 78.27. The firm’s 50-day moving average price is GBX 124.75 and its two-hundred day moving average price is GBX 154.21. The stock has a market cap of £144.56 million, a PE ratio of -1.77, a PEG ratio of -0.17 and a beta of 1.79.

Synthomer (LON:SYNT) last posted its earnings results on Wednesday, March 12th. The company reported GBX (3.50) (($0.04)) earnings per share for the quarter. Synthomer had a negative return on equity of 7.52% and a negative net margin of 4.40%. On average, equities analysts expect that Synthomer plc will post 12.962963 earnings per share for the current fiscal year.

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.