Synthomer (LON:SYNT) Hits New 12-Month Low – Here’s Why

Synthomer plc (LON:SYNT) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 114 ($1.48) and last traded at GBX 114.40 ($1.48), with a volume of 1828885 shares trading hands. The stock had previously closed at GBX 124.80 ($1.62).

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their price target on Synthomer from GBX 265 ($3.44) to GBX 230 ($2.98) and set a “buy” rating for the company in a research note on Monday, January 6th.

Synthomer Price 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 stock has a market cap of £187.59 million, a P/E ratio of -2.29, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The company’s fifty day simple moving average is GBX 140.78 and its 200-day simple moving average is GBX 171.56.

Synthomer (LON:SYNT) last issued 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%. As a group, sell-side 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.