Synthomer (LON:SYNT) Reaches New 52-Week Low - Here's Why

Synthomer plc (LON:SYNT - Get Free Report)'s share price hit a new 52-week low during 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 trading hands. The stock had previously closed at GBX 117 ($1.51).

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut shares of Synthomer to a "hold" rating and cut their price objective for the stock from GBX 230 ($2.97) to GBX 150 ($1.94) in a report on Wednesday, March 12th.

Synthomer Trading Up 4.3 %

The company has a 50 day simple moving average of GBX 136.46 and a 200 day simple moving average of GBX 164.78. The stock has a market capitalization of £188.55 million, a PE ratio of -2.30, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 78.27.

Synthomer (LON:SYNT - Get Free Report) last issued its quarterly 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%. Analysts predict that Synthomer plc will post 12.962963 earnings per share for the current fiscal year.

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.