Synthomer (LON:SYNT) Stock Price Down 49.6% – Should You Sell?

Synthomer plc (LON:SYNT) shares were down 49.6% on Wednesday . The stock traded as low as GBX 26.31 and last traded at GBX 28.60. Approximately 10,978,723 shares traded hands during mid-day trading, an increase of 1,001% from the average daily volume of 997,472 shares. The stock had previously closed at GBX 56.80.

Analyst Upgrades and Downgrades

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

Synthomer Stock Performance

The stock has a market capitalization of £46.76 million, a P/E ratio of -0.56, a PEG ratio of -0.17 and a beta of 1.79. The company’s fifty day simple moving average is GBX 59.45 and its two-hundred day simple moving average is GBX 61.26. The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90.

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.