Synthomer (LON:SYNT) Stock Price Down 49.6% – Here’s Why

Synthomer plc (LON:SYNT)’s stock price was down 49.6% during mid-day trading on Wednesday . The company traded as low as GBX 26.31 and last traded at GBX 28.60. Approximately 10,978,723 shares were traded during trading, an increase of 1,001% from the average daily volume of 997,472 shares. The stock had previously closed at GBX 56.80.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on Synthomer from GBX 96 to GBX 62 and set a “hold” rating for the company in a report on Monday, February 2nd. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Synthomer has a consensus rating of “Hold” and an average price target of GBX 90.50.

Synthomer Stock Performance

The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 78.27. The stock has a fifty day moving average price of GBX 58.79 and a 200-day moving average price of GBX 61.04. The firm has a market cap of £46.76 million, a price-to-earnings ratio of -0.56, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79.

Synthomer Company Profile

Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection – growing markets for customers who serve billions of end users worldwide.

Headquartered in London, UK and listed on the LSE since 1971, we employ c.3,900 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.