Synthomer (LON:SYNT) Reaches New 1-Year Low – What’s Next?

Synthomer plc (LON:SYNT)’s stock price hit a new 52-week low on Friday . The company traded as low as GBX 128 ($1.60) and last traded at GBX 140.20 ($1.75), with a volume of 598533 shares traded. The stock had previously closed at GBX 131 ($1.64).

Analyst Ratings Changes

SYNT has been the topic of a number of recent research reports. Berenberg Bank dropped their price objective on shares of Synthomer from GBX 265 ($3.31) to GBX 230 ($2.87) and set a “buy” rating on the stock in a research note on Monday, January 6th. Canaccord Genuity Group dropped their price target on shares of Synthomer from GBX 300 ($3.74) to GBX 275 ($3.43) and set a “buy” rating on the stock in a research report on Friday, October 4th.

Synthomer Price Performance

The firm has a market capitalization of £229.33 million, a PE ratio of -229.84, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The business’s 50 day moving average is GBX 156.57 and its two-hundred day moving average is GBX 198.84. The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.97 and a current ratio of 1.90.

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.