Synthomer (LON:SYNT) Shares Down 14.5% – Time to Sell?

Synthomer plc (LON:SYNT)’s stock price dropped 14.5% during mid-day trading on Monday . The stock traded as low as GBX 97.49 and last traded at GBX 97.80. 32,848,488 shares changed hands during trading, an increase of 1,463% from the average daily volume of 2,102,026 shares. The stock had previously closed at GBX 114.32.

Analyst Upgrades and Downgrades

Several research firms recently commented on SYNT. Berenberg Bank boosted their target price on Synthomer from GBX 60 to GBX 100 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 65 price target on shares of Synthomer in a research report on Thursday, April 30th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 86.75.

Synthomer Stock Performance

The company has a debt-to-equity ratio of 90.86, a quick ratio of 0.97 and a current ratio of 1.57. The stock has a market cap of £160.34 million, a PE ratio of -1.02, a PEG ratio of -0.17 and a beta of 1.01. The company’s 50-day moving average price is GBX 88.12 and its two-hundred day moving average price is GBX 59.72.

Synthomer (LON:SYNT) last announced its earnings results on Friday, May 1st. The company reported GBX (91.90) earnings per share (EPS) for the quarter. Synthomer had a negative return on equity of 16.66% and a negative net margin of 9.03%.The company had revenue of GBX 173.92 billion during the quarter. On average, equities research analysts forecast that Synthomer plc will post 12.962963 EPS for the current year.

Insider Transactions at Synthomer

In other news, insider Lily Liu acquired 29,192 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of GBX 66 per share, for a total transaction of £19,266.72. 5.02% of the stock is currently owned by company insiders.

About Synthomer

Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection – growing markets for customers who serve billions of end users worldwide.

Headquartered in London, UK and listed on the LSE since 1971, we employ c.3,800 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.