Synthomer (LON:SYNT) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Synthomer plc (LON:SYNT - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 252.54 ($3.28) and traded as low as GBX 174.40 ($2.26). Synthomer shares last traded at GBX 175.40 ($2.28), with a volume of 314,435 shares trading hands.

Analysts Set New Price Targets

Several research analysts have issued reports on SYNT shares. Berenberg Bank cut their price target on Synthomer from GBX 375 ($4.87) to GBX 340 ($4.41) and set a "buy" rating on the stock in a report on Tuesday, August 13th. Jefferies Financial Group lifted their price target on shares of Synthomer from GBX 220 ($2.86) to GBX 250 ($3.25) and gave the company a "hold" rating in a research report on Friday, July 12th. Finally, Canaccord Genuity Group lowered their price objective on shares of Synthomer from GBX 300 ($3.90) to GBX 275 ($3.57) and set a "buy" rating on the stock in a report on Friday, October 4th.

Synthomer Stock Up 2.2 %

The company has a market capitalization of £293.12 million, a P/E ratio of -294.43, a PEG ratio of -0.17 and a beta of 1.79. The stock has a 50 day moving average price of GBX 215.54 and a 200 day moving average price of GBX 252.54. The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.97 and a current ratio of 1.90.

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.