Synthomer (LON:SYNT) Shares Down 10.6% – Should You Sell?

Synthomer plc (LON:SYNT)’s stock price fell 10.6% on Tuesday . The stock traded as low as GBX 82.96 ($1.06) and last traded at GBX 84 ($1.07). 22,927,045 shares changed hands during trading, an increase of 2,155% from the average session volume of 1,016,627 shares. The stock had previously closed at GBX 93.94 ($1.20).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered shares of Synthomer to a “hold” rating and dropped their price objective for the stock from GBX 230 ($2.94) to GBX 150 ($1.92) in a research note on Wednesday, March 12th.

Synthomer Trading Up 11.0 %

The company’s 50 day simple moving average is GBX 124.75 and its 200-day simple moving average is GBX 154.21. The firm has a market cap of £144.56 million, a P/E ratio of -1.77, 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.

Synthomer (LON:SYNT) last posted its quarterly earnings data on Wednesday, March 12th. The company reported GBX (3.50) (($0.04)) earnings per share (EPS) for the quarter. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%. As a group, research analysts predict that Synthomer plc will post 12.962963 earnings per share for the current fiscal year.

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.