Shares of Synthomer plc (LON:SYNT - Get Free Report) rose 11% during mid-day trading on Thursday . The stock traded as high as GBX 92.15 ($1.22) and last traded at GBX 88.16 ($1.17). Approximately 11,893,332 shares were traded during mid-day trading, an increase of 1,243% from the average daily volume of 885,594 shares. The stock had previously closed at GBX 79.40 ($1.05).
Analyst Ratings Changes
Separately, Berenberg Bank downgraded Synthomer to a "hold" rating and decreased their price target for the stock from GBX 230 ($3.04) to GBX 150 ($1.99) in a research note on Wednesday, March 12th.
View Our Latest Research Report on SYNT
Synthomer Stock Performance
The firm has a market cap of £135.94 million, a price-to-earnings ratio of -1.66, a P/E/G ratio of -0.17 and a beta of 1.79. The firm's 50 day moving average price is GBX 119.79 and its 200-day moving average price is GBX 150.03. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97.
Synthomer (LON:SYNT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The company reported GBX (3.50) (($0.05)) earnings per share (EPS) for the quarter. Synthomer had a negative return on equity of 7.52% and a negative net margin of 4.40%. On average, analysts anticipate that Synthomer plc will post 12.962963 earnings per share for the current year.
Synthomer Company Profile
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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.
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