Synthomer (LON:SYNT) Issues Earnings Results

Synthomer (LON:SYNT) issued its quarterly earnings results on Wednesday. The company reported GBX (3.50) (($0.05)) EPS for the quarter, Digital Look Earnings reports. Synthomer had a negative return on equity of 7.52% and a negative net margin of 4.40%.

Synthomer Stock Down 3.2 %

Shares of LON:SYNT opened at GBX 132.80 ($1.72) on Wednesday. The business’s 50-day moving average is GBX 141.51 and its 200-day moving average is GBX 172.40. Synthomer has a 1 year low of GBX 122 ($1.58) and a 1 year high of GBX 338 ($4.38). The company has a market capitalization of £217.76 million, a price-to-earnings ratio of -2.66, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their target price on Synthomer from GBX 265 ($3.43) to GBX 230 ($2.98) and set a “buy” rating on the stock in a report on Monday, January 6th.

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.