Synthomer plc (LON:SYNT - Get Free Report) shares dropped 10.6% during mid-day trading on Tuesday . The company traded as low as GBX 82.96 ($1.09) and last traded at GBX 84 ($1.10). Approximately 22,927,045 shares traded hands during mid-day trading, an increase of 2,155% from the average daily volume of 1,016,627 shares. The stock had previously closed at GBX 93.94 ($1.23).
Analysts Set New Price Targets
Separately, Berenberg Bank downgraded Synthomer to a "hold" rating and dropped their target price for the company from GBX 230 ($3.01) to GBX 150 ($1.96) in a research report on Wednesday, March 12th.
Check Out Our Latest Stock Analysis on SYNT
Synthomer Trading Down 6.7 %
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 cap of £134.63 million, a price-to-earnings ratio of -1.65, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The business's fifty day moving average price is GBX 122.27 and its 200 day moving average price is GBX 152.39.
Synthomer (LON:SYNT - Get Free Report) last announced its earnings results on Wednesday, March 12th. The company reported GBX (3.50) (($0.05)) EPS for the quarter. Synthomer had a negative return on equity of 7.52% and a negative net margin of 4.40%. Research analysts anticipate that Synthomer plc will post 12.962963 earnings per share for the current fiscal year.
About Synthomer
(
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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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