Synthomer (LON:SYNT) Hits New 12-Month Low – What’s Next?

Synthomer plc (LON:SYNT)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 110.60 ($1.43) and last traded at GBX 116.80 ($1.51), with a volume of 3067686 shares. The stock had previously closed at GBX 117 ($1.52).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered shares of Synthomer to a “hold” rating and reduced their price target for the stock from GBX 230 ($2.98) to GBX 150 ($1.95) in a research report on Wednesday, March 12th.

Synthomer Stock Performance

The stock has a 50 day moving average price of GBX 137.45 and a two-hundred day moving average price of GBX 166.89. 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 company has a market capitalization of £191.53 million, a price-to-earnings ratio of -2.34, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79.

Synthomer (LON:SYNT) last announced its earnings results on Wednesday, March 12th. The company reported GBX (3.50) (($0.05)) earnings per share for the quarter. Synthomer had a negative return on equity of 7.52% and a negative net margin of 4.40%. On average, analysts predict that Synthomer plc will post 12.962963 EPS for the current fiscal year.

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.