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

Synthomer plc (LON:SYNT)’s share price was down 49.6% 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 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.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on Synthomer from GBX 96 to GBX 62 and set a “hold” rating on the stock in a report on Monday, February 2nd. Four 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 price target of GBX 90.50.

Synthomer Price Performance

The firm has a market capitalization 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. 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 company’s fifty day moving average is GBX 58.79 and its two-hundred day moving average is GBX 61.04.

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.