Synthomer (LON:SYNT) Stock Price Up 13.3% – Here’s Why

Shares of Synthomer plc (LON:SYNT) shot up 13.3% during trading on Thursday . The stock traded as high as GBX 153 ($1.97) and last traded at GBX 153 ($1.97). 2,282,926 shares traded hands during mid-day trading, an increase of 257% from the average session volume of 640,268 shares. The stock had previously closed at GBX 135 ($1.74).

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price objective on shares of Synthomer from GBX 265 ($3.42) to GBX 230 ($2.96) and set a “buy” rating on the stock in a research note on Monday, January 6th.

Synthomer Stock Performance

The firm has a fifty day moving average of GBX 142.64 and a 200 day moving average of GBX 174.91. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97. The stock has a market capitalization of £250.89 million, a price-to-earnings ratio of -3.07, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79.

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.