Synthomer (LON:SYNT) Stock Price Down 49.6% – Here’s What Happened

Shares of Synthomer plc (LON:SYNT) dropped 49.6% on Wednesday . The stock traded as low as GBX 26.31 and last traded at GBX 28.60. Approximately 10,978,723 shares were traded during trading, an increase of 1,001% from the average daily volume of 997,472 shares. The stock had previously closed at GBX 56.80.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on Synthomer from GBX 96 to GBX 62 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Synthomer presently has a consensus rating of “Hold” and an average target price of GBX 90.50.

Synthomer Trading Down 49.6%

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’s fifty day moving average price is GBX 58.79 and its two-hundred day moving average price is GBX 61.04. The company has a market capitalization of £46.76 million, a PE ratio of -0.56, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79.

Synthomer Company Profile

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.3,900 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.