Synthomer (LON:SYNT) Stock Price Down 14.5% – Time to Sell?

Synthomer plc (LON:SYNT)’s share price dropped 14.5% on Monday . The company traded as low as GBX 97.49 and last traded at GBX 97.80. Approximately 32,848,488 shares traded hands during mid-day trading, an increase of 1,463% from the average daily volume of 2,102,026 shares. The stock had previously closed at GBX 114.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Berenberg Bank boosted their target price on shares of Synthomer from GBX 60 to GBX 100 and gave the company a “hold” rating in a report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 65 price target on shares of Synthomer in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 86.75.

Synthomer Stock Performance

The stock has a market capitalization of £160.34 million, a P/E ratio of -1.02, a PEG ratio of -0.17 and a beta of 1.01. The company has a quick ratio of 0.97, a current ratio of 1.57 and a debt-to-equity ratio of 90.86. The company has a 50-day moving average price of GBX 88.12 and a two-hundred day moving average price of GBX 59.72.

Synthomer (LON:SYNT) last released its quarterly earnings data on Friday, May 1st. The company reported GBX (91.90) EPS for the quarter. The firm had revenue of GBX 173.92 billion during the quarter. Synthomer had a negative net margin of 9.03% and a negative return on equity of 16.66%. Equities analysts expect that Synthomer plc will post 12.962963 earnings per share for the current year.

Insider Transactions at Synthomer

In other news, insider Lily Liu purchased 29,192 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average cost of GBX 66 per share, with a total value of £19,266.72. 5.02% of the stock is owned by corporate insiders.

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.3,800 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.