Synthomer (LON:SYNT) Posts Quarterly Earnings Results

Synthomer (LON:SYNT) issued its earnings results on Wednesday. The company reported GBX (3.50) (($0.05)) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%.

Synthomer Price Performance

LON SYNT opened at GBX 117 ($1.52) on Friday. The company has a market cap of £191.85 million, a P/E ratio of -2.34, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 78.27. Synthomer has a 1 year low of GBX 114 ($1.48) and a 1 year high of GBX 338 ($4.38). The company has a fifty day simple moving average of GBX 139.90 and a 200 day simple moving average of GBX 171.16.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank downgraded Synthomer to a “hold” rating and lowered their target price for the company from GBX 230 ($2.98) to GBX 150 ($1.94) in a research note on Wednesday.

About Synthomer

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.