Synthomer (LON:SYNT) Shares Down 47.2% – Time to Sell?

Synthomer plc (LON:SYNT)’s stock price dropped 47.2% during trading on Wednesday . The stock traded as low as GBX 26.75 and last traded at GBX 30. Approximately 9,361,766 shares traded hands during mid-day trading, an increase of 894% from the average daily volume of 941,714 shares. The stock had previously closed at GBX 56.80.

Wall Street Analyst Weigh In

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 report on Monday, February 2nd. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Synthomer presently has an average rating of “Hold” and an average price target of GBX 90.50.

Synthomer Stock Performance

The firm’s 50 day moving average is GBX 59.45 and its 200 day 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. The stock has a market cap of £46.76 million, a P/E ratio of -0.56, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79.

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.