Synthomer (LON:SYNT) Shares Down 49.6% – Here’s Why

Synthomer plc (LON:SYNT) was down 49.6% on Wednesday . The stock traded as low as GBX 26.31 and last traded at GBX 28.60. Approximately 10,978,723 shares traded 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.

Analyst Ratings Changes

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

Synthomer Price Performance

The business’s 50 day moving average is GBX 59.45 and its two-hundred day moving average is GBX 61.26. The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90. The firm has a market capitalization of £46.76 million, a PE ratio of -0.56, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79.

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.