Synthomer (LON:SYNT) Posts Quarterly Earnings Results

Synthomer (LON:SYNT) announced its quarterly earnings data on Wednesday. The company reported GBX (3.50) (($0.05)) EPS 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 Down 6.9 %

Shares of LON:SYNT opened at GBX 116.20 ($1.51) on Thursday. Synthomer has a 52-week low of GBX 114 ($1.48) and a 52-week high of GBX 338 ($4.38). The stock has a market cap of £190.54 million, a P/E ratio of -2.33, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The business’s 50 day moving average is GBX 140.78 and its 200 day moving average is GBX 171.56. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 78.27.

Analysts Set New Price Targets

Separately, Berenberg Bank reduced their target price on Synthomer from GBX 265 ($3.44) to GBX 230 ($2.98) and set a “buy” rating on the stock in a report on Monday, January 6th.

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.