Synthomer (LON:SYNT) Trading 11% Higher – Here’s Why

Synthomer plc (LON:SYNT)’s stock price traded up 11% during mid-day trading on Thursday . The stock traded as high as GBX 92.15 ($1.20) and last traded at GBX 88.16 ($1.14). 11,893,332 shares traded hands during mid-day trading, an increase of 1,243% from the average session volume of 885,594 shares. The stock had previously closed at GBX 79.40 ($1.03).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank downgraded Synthomer to a “hold” rating and cut their target price for the company from GBX 230 ($2.99) to GBX 150 ($1.95) in a research report on Wednesday, March 12th.

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 capitalization of £137.41 million, a P/E ratio of -1.68, a P/E/G ratio of -0.17 and a beta of 1.79. The firm’s fifty day moving average is GBX 123.54 and its 200 day moving average is GBX 153.28.

Synthomer (LON:SYNT) last announced its quarterly earnings data on Wednesday, March 12th. The company reported GBX (3.50) (($0.05)) EPS for the quarter. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%. As a group, analysts predict 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.