Synthomer (LON:SYNT) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Synthomer plc (LON:SYNT) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 189.37 ($2.34) and traded as low as GBX 148.80 ($1.84). Synthomer shares last traded at GBX 149.60 ($1.85), with a volume of 525,246 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price target on shares of Synthomer from GBX 265 ($3.27) to GBX 230 ($2.84) and set a “buy” rating for the company in a research note on Monday, January 6th.

Synthomer Stock Performance

The company has a debt-to-equity ratio of 77.42, a current ratio of 1.90 and a quick ratio of 0.97. The stock has a market cap of £244.41 million, a P/E ratio of -244.96, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The company has a 50 day simple moving average of GBX 153.64 and a 200-day simple moving average of GBX 189.37.

Synthomer Company Profile

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.