Synthomer (LON:SYNT) Reaches New 1-Year Low – Should You Sell?

Shares of Synthomer plc (LON:SYNT) reached a new 52-week low on Thursday . The company traded as low as GBX 127.20 ($1.61) and last traded at GBX 129.60 ($1.64), with a volume of 439523 shares traded. The stock had previously closed at GBX 131 ($1.66).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price target on shares of Synthomer from GBX 265 ($3.35) to GBX 230 ($2.91) and set a “buy” rating for the company in a research report on Monday, January 6th.

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 firm has a market cap of £215.79 million, a price-to-earnings ratio of -2.64, a P/E/G ratio of -0.17 and a beta of 1.79. The business’s 50-day moving average price is GBX 148.40 and its two-hundred day moving average price is GBX 182.01.

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.