Synthomer (LON:SYNT) Reaches New 1-Year Low – Here’s What Happened

Shares of Synthomer plc (LON:SYNT) reached a new 52-week low on Friday . The stock traded as low as GBX 128 ($1.58) and last traded at GBX 140.20 ($1.73), with a volume of 598533 shares traded. The stock had previously closed at GBX 131 ($1.62).

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Berenberg Bank decreased their target price on Synthomer from GBX 265 ($3.27) to GBX 230 ($2.84) and set a “buy” rating for the company in a research report on Monday, January 6th. Canaccord Genuity Group lowered their price objective on shares of Synthomer from GBX 300 ($3.71) to GBX 275 ($3.40) and set a “buy” rating on the stock in a research report on Friday, October 4th.

Synthomer Stock Performance

The company has a debt-to-equity ratio of 77.42, a current ratio of 1.90 and a quick ratio of 0.97. The company has a 50 day simple moving average of GBX 157.94 and a 200-day simple moving average of GBX 199.73. The stock has a market capitalization of £229.33 million, a P/E ratio of -229.84, a price-to-earnings-growth 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.