Synthomer (LON:SYNT) Shares Pass Below 200-Day Moving Average - Time to Sell?

Synthomer plc (LON:SYNT - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 126.81 ($1.72) and traded as low as GBX 108.80 ($1.47). Synthomer shares last traded at GBX 114.60 ($1.55), with a volume of 182,693 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank cut Synthomer to a "hold" rating and dropped their price target for the company from GBX 230 ($3.12) to GBX 150 ($2.03) in a research note on Wednesday, March 12th.

Synthomer Trading Up 3.8%

The stock has a market capitalization of £195.13 million, a P/E ratio of -2.38, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 78.27. The business has a 50-day moving average price of GBX 94.63 and a two-hundred day moving average price of GBX 126.81.

Synthomer (LON:SYNT - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported GBX (3.50) (($0.05)) earnings per share for the quarter. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%. On average, analysts expect that Synthomer plc will post 12.962963 EPS for the current fiscal year.

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.4,000 employees across our five innovation centres of excellence and 30 manufacturing sites across Europe, North America, Middle East and Asia.