Syensqo (OTCMKTS:SHBBF) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Syensqo (OTCMKTS:SHBBF) posted its quarterly earnings results on Thursday. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03, Zacks reports.

Syensqo Price Performance

Shares of Syensqo stock traded up $0.06 on Thursday, hitting $87.56. The stock had a trading volume of 125 shares, compared to its average volume of 435. Syensqo has a twelve month low of $48.08 and a twelve month high of $98.20. The business’s 50 day moving average is $90.22 and its two-hundred day moving average is $79.37.

Analyst Ratings Changes

Separately, Zacks Research raised Syensqo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

About Syensqo

Syensqo is a global specialty chemicals and advanced materials company serving customers in industries such as aerospace, automotive, healthcare, electronics, consumer goods, and energy. Its portfolio includes high-performance polymers, composite materials, specialty adhesives, surfactants, and other formulated chemical solutions designed for demanding industrial and consumer applications.

The company develops materials that can support lightweighting, thermal and chemical resistance, durability, and improved resource efficiency.