Synthomer (LON:SYNT) Trading 11% Higher – Still a Buy?

Synthomer plc (LON:SYNT)’s share price shot up 11% during mid-day trading on Friday . The company traded as high as GBX 92.15 ($1.20) and last traded at GBX 88.16 ($1.14). 11,893,332 shares were traded 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 cut shares of Synthomer to a “hold” rating and decreased their target price for the company from GBX 230 ($2.99) to GBX 150 ($1.95) in a research note on Wednesday, March 12th.

Synthomer Trading Down 4.7 %

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 business has a 50-day simple moving average of GBX 123.54 and a two-hundred day simple moving average of GBX 153.28. The stock has a market cap of £137.58 million, a price-to-earnings ratio of -1.68, a P/E/G ratio of -0.17 and a beta of 1.79.

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