Insider Buying: Synthomer plc (LON:SYNT) Insider Purchases 20,000 Shares of Stock

Key Points

• Lily Liu, an insider at Synthomer plc, acquired 20,000 shares at an average price of GBX 64 ($0.85), totaling £12,800 ($17,012.23) on August 5th.
• The stock of Synthomer has seen a significant decline, trading down 19.5% to GBX 63.40 ($0.84), with a trading volume much higher than its average.
• Synthomer recently reported a negative earnings per share of GBX (5.40) (($0.07)) and analysts expect it will post earnings per share of 12.96 for the current year.

Synthomer plc (LON:SYNT - Get Free Report) insider Lily Liu acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average cost of GBX 64 ($0.86) per share, for a total transaction of £12,800 ($17,213.56).

Synthomer Price Performance

Synthomer stock traded up GBX 1.20 ($0.02) during mid-day trading on Thursday, hitting GBX 64.40 ($0.87). 1,625,547 shares of the company were exchanged, compared to its average volume of 756,234. The company has a market capitalization of £105.60 million, a PE ratio of -1.29, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The business has a fifty day moving average of GBX 99.81 and a 200 day moving average of GBX 109.72. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 78.27. Synthomer plc has a 1-year low of GBX 61 ($0.82) and a 1-year high of GBX 266 ($3.58).

Synthomer (LON:SYNT - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported GBX (5.40) (($0.07)) earnings per share (EPS) for the quarter. Synthomer had a negative return on equity of 7.52% and a negative net margin of 4.40%. As a group, sell-side analysts expect that Synthomer plc will post 12.962963 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 100 ($1.34) price target on shares of Synthomer in a report on Tuesday. Berenberg Bank decreased their price objective on shares of Synthomer from GBX 120 ($1.61) to GBX 80 ($1.08) and set a "hold" rating for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Synthomer from GBX 140 ($1.88) to GBX 115 ($1.55) and set a "hold" rating for the company in a research note on Wednesday, July 30th.

Synthomer Company Profile

Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection – growing markets for customers who serve billions of end users worldwide. Headquartered in London, UK and listed on the LSE since 1971, we employ c.3,900 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.