Synthomer (LON:SYNT) Hits New 52-Week Low – Should You Sell?

Shares of Synthomer plc (LON:SYNT) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 114 ($1.47) and last traded at GBX 114.40 ($1.48), with a volume of 1828885 shares changing hands. The stock had previously closed at GBX 124.80 ($1.61).

Analyst Ratings Changes

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

Synthomer Trading Up 3.5 %

The stock has a market capitalization of £194.15 million, a PE ratio of -2.37, a PEG 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 business’s 50-day moving average is GBX 139.31 and its two-hundred day moving average is GBX 170.80.

Synthomer (LON:SYNT) last posted its quarterly earnings results on Wednesday, March 12th. The company reported GBX (3.50) (($0.05)) earnings per share (EPS) for the quarter. Synthomer had a negative return on equity of 7.52% and a negative net margin of 4.40%. On average, analysts anticipate that Synthomer plc will post 12.962963 earnings per share for the current fiscal year.

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.