Synthomer (LON:SYNT) Trading 11% Higher – Time to Buy?

Synthomer plc (LON:SYNT) shares rose 11% on Thursday . The company traded as high as GBX 92.15 ($1.21) and last traded at GBX 88.16 ($1.15). Approximately 11,893,332 shares traded hands during mid-day trading, an increase of 1,243% from the average daily volume of 885,594 shares. The stock had previously closed at GBX 79.40 ($1.04).

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut shares of Synthomer to a “hold” rating and decreased their target price for the stock from GBX 230 ($3.01) to GBX 150 ($1.96) in a research note on Wednesday, March 12th.

Synthomer Stock Performance

The company has a fifty day moving average price of GBX 122.27 and a two-hundred day moving average price of GBX 152.39. 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 market capitalization of £134.63 million, a P/E ratio of -1.65, a PEG ratio of -0.17 and a beta of 1.79.

Synthomer (LON:SYNT) last announced 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 net margin of 4.40% and a negative return on equity of 7.52%. Equities analysts forecast 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.