Syensqo (OTCMKTS:SHBBF) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Syensqo (OTCMKTS:SHBBF) released its quarterly earnings results on Thursday. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.03, Zacks reports.

Syensqo Price Performance

SHBBF traded up $0.06 during trading on Thursday, hitting $87.56. The company’s stock had a trading volume of 125 shares, compared to its average volume of 435. Syensqo has a twelve month low of $48.08 and a twelve month high of $98.20. The stock’s fifty day moving average price is $90.22 and its 200-day moving average price is $79.37.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Syensqo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

About Syensqo

Syensqo is a global specialty chemicals and advanced materials company serving customers in industries such as aerospace, automotive, healthcare, electronics, consumer goods, and energy. Its portfolio includes high-performance polymers, composite materials, specialty adhesives, surfactants, and other formulated chemical solutions designed for demanding industrial and consumer applications.

The company develops materials that can support lightweighting, thermal and chemical resistance, durability, and improved resource efficiency.