Synthomer (LON:SYNT) Posts Quarterly Earnings Results

Synthomer (LON:SYNT) posted its quarterly earnings data on Wednesday. The company reported GBX (3.50) (($0.05)) earnings per share for the quarter, Digital Look Earnings reports. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%.

Synthomer Stock Performance

LON SYNT opened at GBX 132.80 ($1.72) on Wednesday. The company has a market cap of £217.76 million, a P/E ratio of -2.66, a P/E/G ratio of -0.17 and a beta of 1.79. The business’s 50 day moving average price is GBX 141.51 and its 200-day moving average price is GBX 172.40. Synthomer has a fifty-two week low of GBX 122 ($1.58) and a fifty-two week high of GBX 338 ($4.38). The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their price objective on shares of Synthomer from GBX 265 ($3.43) to GBX 230 ($2.98) and set a “buy” rating for the company in a research note on Monday, January 6th.

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.