Synthomer (LON:SYNT) Sets New 52-Week Low - Should You Sell?

Key Points

• Synthomer plc's share price reached a new 52-week low of GBX 57.40 ($0.78) during trading, with current shares priced at GBX 59.30 ($0.80).
• Equities analysts have mostly rated Synthomer as a "hold," with price targets ranging from GBX 80 to GBX 140, indicating uncertainty in its future performance.
• The company reported a negative EPS of GBX (5.40) and anticipates an EPS of 12.96 for the current fiscal year, signaling ongoing financial challenges.

Synthomer plc (LON:SYNT - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 57.40 ($0.78) and last traded at GBX 59.30 ($0.80), with a volume of 2084620 shares traded. The stock had previously closed at GBX 59.10 ($0.80).

Analyst Upgrades and Downgrades

SYNT has been the subject of several recent analyst reports. Berenberg Bank decreased their price objective on shares of Synthomer from GBX 120 to GBX 80 and set a "hold" rating for the company in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Synthomer from GBX 140 to GBX 115 and set a "hold" rating for the company in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 100 price target on shares of Synthomer in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of GBX 142.50.

Synthomer Price Performance

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 company has a market cap of £98.08 million, a P/E ratio of -117.42, a PEG ratio of -0.17 and a beta of 1.79. The business's 50 day moving average price is GBX 75.85 and its 200-day moving average price is GBX 95.38.

Synthomer (LON:SYNT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported GBX (5.40) earnings per share for the quarter. Synthomer had a negative return on equity of 7.52% and a negative net margin of 4.40%. On average, analysts anticipate that Synthomer plc will post 12.962963 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Synthomer news, insider Jonathan Silver acquired 59,229 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average cost of GBX 65 per share, for a total transaction of £38,498.85. Also, insider Uwe Halder purchased 25,000 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was purchased at an average price of GBX 64 per share, for a total transaction of £16,000. Over the last quarter, insiders have acquired 124,149 shares of company stock worth $8,701,965. Company insiders own 4.99% of the company's stock.

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.