Synthomer (LON:SYNT) Stock Price Up 11% – Time to Buy?

Shares of Synthomer plc (LON:SYNT) traded up 11% during mid-day trading on Thursday . The company traded as high as GBX 92.15 ($1.21) and last traded at GBX 88.16 ($1.15). 11,893,332 shares were traded during mid-day trading, an increase of 1,243% from the average session volume of 885,594 shares. The stock had previously closed at GBX 79.40 ($1.04).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered Synthomer to a “hold” rating and reduced their price target for the stock from GBX 230 ($3.01) to GBX 150 ($1.96) in a research report on Wednesday, March 12th.

Synthomer Price Performance

The business’s fifty day simple moving average is GBX 122.27 and its 200 day simple moving average is GBX 152.39. 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 cap of £134.63 million, a price-to-earnings ratio of -1.65, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79.

Synthomer (LON:SYNT) last issued its quarterly earnings results on Wednesday, March 12th. The company reported GBX (3.50) (($0.05)) EPS for the quarter. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%. Research analysts predict that Synthomer plc will post 12.962963 EPS for the current fiscal year.

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.