Synthomer (LON:SYNT) Hits New 1-Year Low – Here’s Why

Synthomer plc (LON:SYNT)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 17.80 and last traded at GBX 17.80, with a volume of 963662 shares changing hands. The stock had previously closed at GBX 19.74.

Analyst Ratings Changes

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

Synthomer Price Performance

The stock has a market cap of £29.10 million, a P/E ratio of -0.35, a P/E/G ratio of -0.17 and a beta of 1.79. The company’s 50 day moving average price is GBX 48.66 and its 200-day moving average price is GBX 56.17. The company has a quick ratio of 0.97, a current ratio of 1.64 and a debt-to-equity ratio of 97.65.

About Synthomer

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.