Synthomer (LON:SYNT) Reaches New 52-Week Low – Here’s Why

Synthomer plc (LON:SYNT) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 127.20 ($1.60) and last traded at GBX 129.60 ($1.63), with a volume of 439523 shares trading hands. The stock had previously closed at GBX 131 ($1.65).

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their price objective on shares of Synthomer from GBX 265 ($3.33) to GBX 230 ($2.89) and set a “buy” rating for the company in a research report on Monday, January 6th.

Synthomer Price Performance

The stock has a market capitalization of £212.51 million, a price-to-earnings ratio of -2.60, a P/E/G 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 stock has a fifty day moving average of GBX 149.19 and a 200-day moving average of GBX 182.37.

Synthomer Company Profile

Synthomer plc operates as a specialty chemicals company in the United Kingdom and internationally. It operates through five segments: Performance Elastomers, Functional Solutions, Industrial Specialities, Acrylate Monomers, and Adhesive Technologies. The company offers adhesives, including PSA labels, packaging and specialty tapes, saturants, release coatings, wood working, wet glues, hygiene and contact adhesives, packaging and assembly hot melt adhesives; coatings products such as architectural, masonry, intumescent, metal, wood, soil releases, blinders, ink receptive, polyester for powder coatings, SYNTHOMER NX for coalescing agents, and SYNOLOX BEPF for glycol.