Synthomer (LON:SYNT) Stock Price Down 49.6% – Time to Sell?

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

Wall Street Analysts Forecast Growth

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

Synthomer Price Performance

The stock has a market cap of £46.76 million, a PE ratio of -0.56, a P/E/G ratio of -0.17 and a beta of 1.79. The business has a fifty day simple moving average of GBX 58.79 and a two-hundred day simple moving average of GBX 61.04. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 78.27.

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.