Synthomer (LON:SYNT) Sets New 1-Year Low – Time to Sell?

Shares of Synthomer plc (LON:SYNT) hit a new 52-week low during trading on Friday . The company traded as low as GBX 18.60 and last traded at GBX 22.36, with a volume of 9209643 shares traded. The stock had previously closed at GBX 24.40.

Wall Street Analyst Weigh In

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

Synthomer Price Performance

The stock has a market capitalization of £36.55 million, a price-to-earnings ratio of -0.44, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 78.27. The company’s 50 day moving average is GBX 58.06 and its 200 day moving average is GBX 60.78.

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.