Synthomer (LON:SYNT) Stock Price Down 47.9% – Should You Sell?

Synthomer plc (LON:SYNT) shares dropped 47.9% during mid-day trading on Wednesday . The company traded as low as GBX 29.45 and last traded at GBX 29.60. Approximately 6,786,194 shares were traded during mid-day trading, an increase of 696% from the average daily volume of 852,902 shares. The stock had previously closed at GBX 56.80.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on Synthomer from GBX 96 to GBX 62 and set a “hold” rating on the stock in a report on Monday, February 2nd. Four analysts have rated the stock with a Hold rating, According to MarketBeat, Synthomer currently has an average rating of “Hold” and a consensus price target of GBX 90.50.

Synthomer Stock Performance

The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 78.27. The stock has a market capitalization of £46.76 million, a price-to-earnings ratio of -0.56, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The stock’s 50-day simple moving average is GBX 59.45 and its 200 day simple moving average is GBX 61.26.

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.