Synthomer (LON:SYNT) Trading Down 49.6% – Here’s Why

Synthomer plc (LON:SYNT)’s share price traded down 49.6% during mid-day trading on Thursday . The company traded as low as GBX 26.31 and last traded at GBX 28.60. 10,978,723 shares were traded during trading, an increase of 1,001% from the average session volume of 997,472 shares. The stock had previously closed at GBX 56.80.

Analyst Upgrades and Downgrades

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

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 stock’s 50 day moving average is GBX 57.33 and its 200 day moving average is GBX 60.30. The stock has a market capitalization of £36.55 million, a price-to-earnings ratio of -0.44, a PEG 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.