Synthomer (LON:SYNT) Stock Price Down 49.6% – What’s Next?

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

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reduced 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Synthomer has an average rating of “Hold” and an average target price of GBX 90.50.

Synthomer Price Performance

The business’s 50 day moving average is GBX 59.45 and its two-hundred day moving average is GBX 61.26. The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90. The firm has a market capitalization of £46.76 million, a PE ratio of -0.56, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79.

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.3,900 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.