Synthomer (LON:SYNT) Sets New 12-Month Low – Here’s Why

Synthomer plc (LON:SYNT)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 78.20 ($1.00) and last traded at GBX 79.40 ($1.01), with a volume of 856084 shares changing hands. The stock had previously closed at GBX 84.40 ($1.08).

Analysts Set New Price Targets

Separately, Berenberg Bank downgraded shares of Synthomer to a “hold” rating and reduced their price target for the stock from GBX 230 ($2.94) to GBX 150 ($1.92) in a research report on Wednesday, March 12th.

Synthomer Price Performance

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 stock has a market capitalization of £130.20 million, a P/E ratio of -1.59, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The stock has a 50-day simple moving average of GBX 127.87 and a 200 day simple moving average of GBX 155.26.

Synthomer (LON:SYNT) last released its earnings results on Wednesday, March 12th. The company reported GBX (3.50) (($0.04)) earnings per share (EPS) for the quarter. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%. On average, equities analysts forecast that Synthomer plc will post 12.962963 earnings per share for the current fiscal year.

Synthomer Company Profile

Synthomer plc operates as a specialty chemicals company in the United Kingdom and internationally. It operates through five segments: Performance Elastomers, Functional Solutions, Industrial Specialities, Acrylate Monomers, and Adhesive Technologies. The company offers adhesives, including PSA labels, packaging and specialty tapes, saturants, release coatings, wood working, wet glues, hygiene and contact adhesives, packaging and assembly hot melt adhesives; coatings products such as architectural, masonry, intumescent, metal, wood, soil releases, blinders, ink receptive, polyester for powder coatings, SYNTHOMER NX for coalescing agents, and SYNOLOX BEPF for glycol.