Synthomer (LON:SYNT) Shares Up 11% – Should You Buy?

Synthomer plc (LON:SYNT) shot up 11% during mid-day trading on Friday . The stock traded as high as GBX 92.15 ($1.21) and last traded at GBX 88.16 ($1.15). 11,893,332 shares changed hands 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 Analyst Weigh In

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

Synthomer Trading Down 6.7 %

The business’s 50 day moving average is GBX 122.27 and its 200 day moving average is GBX 152.39. The stock has a market cap of £134.63 million, a price-to-earnings ratio of -1.65, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97.

Synthomer (LON:SYNT) last announced its quarterly earnings results on Wednesday, March 12th. The company reported GBX (3.50) (($0.05)) 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%. As a group, equities analysts expect that Synthomer plc will post 12.962963 earnings per share 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.