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

Shares of Synthomer plc (LON:SYNT) 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 changed hands 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 Analyst Weigh In

Separately, Berenberg Bank cut Synthomer to a “hold” rating and decreased their target price for the stock from GBX 230 ($2.99) to GBX 150 ($1.95) in a research report on Wednesday, March 12th.

Synthomer Stock Performance

The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 78.27. The firm’s fifty day moving average price is GBX 123.54 and its 200 day moving average price is GBX 153.28. The firm has a market capitalization of £137.58 million, a PE ratio of -1.68, a PEG ratio of -0.17 and a beta of 1.79.

Synthomer (LON:SYNT) last released its quarterly earnings data 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%. On average, research analysts anticipate that Synthomer plc will post 12.962963 earnings per share for the current 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.