Synthomer (LON:SYNT) Shares Down 47.9% – Time to Sell?

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

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft cut 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 equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 90.50.

Synthomer Trading Down 49.6%

The company has a market cap of £46.76 million, a P/E ratio of -0.56, a PEG ratio of -0.17 and a beta of 1.79. The firm’s 50 day moving average is GBX 59.45 and its two-hundred day moving average is GBX 61.26. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 78.27.

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.