Synthomer (LON:SYNT) Announces Quarterly Earnings Results

Synthomer (LON:SYNT) announced its quarterly earnings results on Wednesday. The company reported GBX (3.50) (($0.05)) earnings per share for the quarter, Digital Look Earnings reports. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%.

Synthomer Stock Performance

Shares of LON:SYNT opened at GBX 118.87 ($1.54) on Friday. The business’s 50-day simple moving average is GBX 139.90 and its 200 day simple moving average is GBX 171.16. The company has a market cap of £194.92 million, a P/E ratio of -2.38, a PEG ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90. Synthomer has a one year low of GBX 114 ($1.48) and a one year high of GBX 338 ($4.38).

Analyst Ratings Changes

Separately, Berenberg Bank downgraded shares of Synthomer to a “hold” rating and cut their target price for the company from GBX 230 ($2.98) to GBX 150 ($1.94) in a research note on Wednesday.

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.