Shares of Synthomer plc (LON:SYNT - Get Free Report) 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 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).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank lowered shares of Synthomer to a "hold" rating and lowered their price target for the company from GBX 230 ($3.01) to GBX 150 ($1.96) in a report on Wednesday, March 12th.
Read Our Latest Research Report on Synthomer
Synthomer Stock Performance
The stock has a market capitalization 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 company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97. The stock has a 50-day moving average of GBX 122.27 and a 200 day moving average of GBX 152.39.
Synthomer (LON:SYNT - Get Free Report) last issued its quarterly 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%. On average, analysts expect that Synthomer plc will post 12.962963 EPS 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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