Synthomer (LON:SYNT) Shares Down 47.9% – Here’s Why

Synthomer plc (LON:SYNT) traded down 47.9% during mid-day trading on Wednesday . The company traded as low as GBX 29.45 and last traded at GBX 29.60. 6,786,194 shares changed hands during mid-day trading, an increase of 696% from the average session volume of 852,902 shares. The stock had previously closed at GBX 56.80.

Wall Street Analysts Forecast Growth

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

Synthomer Stock 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 company has a market cap of £46.76 million, a price-to-earnings ratio of -0.56, a PEG ratio of -0.17 and a beta of 1.79. The business has a 50-day simple moving average of GBX 59.45 and a two-hundred day simple moving average of GBX 61.26.

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.