Synthomer (LON:SYNT) Shares Down 47.2% – Should You Sell?

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

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft dropped 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 investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Synthomer presently has an average rating of “Hold” and a consensus target price of GBX 90.50.

Synthomer Trading Down 49.6%

The stock has a market cap of £46.76 million, a PE ratio of -0.56, a PEG ratio of -0.17 and a beta of 1.79. The company’s fifty 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 current ratio of 1.90 and a quick ratio of 0.97.

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.