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

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

Analyst Upgrades and Downgrades

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

Synthomer Price Performance

The company has a fifty day simple moving average of GBX 59.45 and a two-hundred day simple moving average of 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 company has a market capitalization of £46.76 million, a price-to-earnings ratio of -0.56, a P/E/G 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.