Synthomer (LON:SYNT) Stock Price Down 49.6% – Time to Sell?

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

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft cut their target price on shares of Synthomer from GBX 96 to GBX 62 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 90.50.

Synthomer Trading Down 49.6%

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

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.