Synthomer (LON:SYNT) Trading Up 11% – What’s Next?

Synthomer plc (LON:SYNT)’s share price was up 11% during trading on Thursday . The stock traded as high as GBX 92.15 ($1.21) and last traded at GBX 88.16 ($1.15). Approximately 11,893,332 shares traded hands during trading, an increase of 1,243% from the average daily volume of 885,594 shares. The stock had previously closed at GBX 79.40 ($1.04).

Analysts Set New Price Targets

Separately, Berenberg Bank downgraded Synthomer to a “hold” rating and lowered their target price for the stock from GBX 230 ($3.01) to GBX 150 ($1.96) in a report on Wednesday, March 12th.

Synthomer Price Performance

The business has a 50-day moving average price of GBX 122.27 and a two-hundred day moving average price of GBX 152.39. 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 has a market capitalization of £134.63 million, a price-to-earnings ratio of -1.65, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79.

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