Synthomer (LON:SYNT) Share Price Passes Below 200-Day Moving Average – Here’s Why

Synthomer plc (LON:SYNT)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 184.03 ($2.32) and traded as low as GBX 133 ($1.68). Synthomer shares last traded at GBX 137 ($1.73), with a volume of 405,891 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their price objective on Synthomer from GBX 265 ($3.34) to GBX 230 ($2.90) and set a “buy” rating on the stock in a research note on Monday, January 6th.

Synthomer Stock Performance

The stock has a 50-day moving average price of GBX 150.63 and a 200 day moving average price of GBX 184.03. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97. The firm has a market cap of £225.10 million, a PE ratio of -2.75, a P/E/G ratio of -0.17 and a beta of 1.79.

About Synthomer

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.