Synthomer (LON:SYNT) Shares Down 14.5% – Here’s What Happened

Synthomer plc (LON:SYNT)’s stock price dropped 14.5% during trading on Monday . The stock traded as low as GBX 97.49 and last traded at GBX 97.80. Approximately 32,848,488 shares were traded during trading, an increase of 1,463% from the average daily volume of 2,102,026 shares. The stock had previously closed at GBX 114.32.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SYNT shares. Jefferies Financial Group restated a “hold” rating and issued a GBX 65 price target on shares of Synthomer in a report on Thursday, April 30th. Berenberg Bank lifted their price objective on shares of Synthomer from GBX 60 to GBX 100 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 86.75.

Synthomer Trading Down 3.8%

The company has a current ratio of 1.57, a quick ratio of 0.97 and a debt-to-equity ratio of 90.86. The business’s 50-day simple moving average is GBX 89.94 and its two-hundred day simple moving average is GBX 60.18. The company has a market capitalization of £139.35 million, a PE ratio of -0.89, a PEG ratio of -0.17 and a beta of 1.01.

Synthomer (LON:SYNT) last announced its earnings results on Friday, May 1st. The company reported GBX (91.90) earnings per share for the quarter. Synthomer had a negative net margin of 9.03% and a negative return on equity of 16.66%. The business had revenue of GBX 173.92 billion for the quarter. On average, analysts predict that Synthomer plc will post 12.962963 earnings per share for the current year.

Insiders Place Their Bets

In other Synthomer news, insider Lily Liu acquired 29,192 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of GBX 66 per share, for a total transaction of £19,266.72. 5.02% of the stock is currently owned by company insiders.

About Synthomer

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.3,800 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.