Synthomer (LON:SYNT) Trading Down 10.6% – Here’s What Happened

Synthomer plc (LON:SYNT) was down 10.6% during mid-day trading on Tuesday . The company traded as low as GBX 82.96 ($1.06) and last traded at GBX 84 ($1.07). Approximately 22,927,045 shares changed hands during mid-day trading, an increase of 2,155% from the average daily volume of 1,016,627 shares. The stock had previously closed at GBX 93.94 ($1.20).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered Synthomer to a “hold” rating and lowered their price objective for the stock from GBX 230 ($2.93) to GBX 150 ($1.91) in a research note on Wednesday, March 12th.

Synthomer Stock Performance

The company has a 50 day simple moving average of GBX 130.80 and a 200 day simple moving average of GBX 157.24. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 78.27. The stock has a market cap of £139.22 million, a price-to-earnings ratio of -1.70, a P/E/G ratio of -0.17 and a beta of 1.79.

Synthomer (LON:SYNT) last issued its earnings results on Wednesday, March 12th. The company reported GBX (3.50) (($0.04)) earnings per share for the quarter. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%. As a group, equities research analysts forecast that Synthomer plc will post 12.962963 EPS for the current 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.