Synthomer (LON:SYNT) Shares Up 11% – Still a Buy?

Synthomer plc (LON:SYNT) traded up 11% during trading on Thursday . The company traded as high as GBX 92.15 ($1.20) and last traded at GBX 88.16 ($1.14). 11,893,332 shares traded hands during trading, an increase of 1,243% from the average session volume of 885,594 shares. The stock had previously closed at GBX 79.40 ($1.03).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered shares of Synthomer to a “hold” rating and dropped their price target for the stock from GBX 230 ($2.99) to GBX 150 ($1.95) in a research report on Wednesday, March 12th.

Synthomer Stock Down 4.8 %

The firm has a market capitalization of £137.41 million, a PE ratio of -1.68, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97. The company has a 50-day moving average price of GBX 123.54 and a 200 day moving average price of GBX 153.28.

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