Synthomer (LON:SYNT) Stock Price Down 17.1% - Here's Why

Key Points

• Synthomer plc experienced a significant share price drop of 17.1%, trading between GBX 62 ($0.82) and GBX 65.36 ($0.87) amidst increased trading volume.
• Analysts have adjusted their target prices with Deutsche Bank lowering it from GBX 140 ($1.86) to GBX 115 ($1.53) and Jefferies setting a target of GBX 100 ($1.33), both maintaining a "hold" rating.
• The company's last earnings report indicated a loss of GBX (5.40) (($0.07)) per share, with a negative net margin of 4.40% and return on equity of -7.52%.

Synthomer plc (LON:SYNT - Get Free Report) was down 17.1% during trading on Tuesday . The stock traded as low as GBX 62 ($0.83) and last traded at GBX 65.36 ($0.88). Approximately 4,815,313 shares were traded during mid-day trading, an increase of 564% from the average daily volume of 725,479 shares. The stock had previously closed at GBX 78.80 ($1.06).

Analyst Ratings Changes

SYNT has been the topic of a number of research analyst reports. Berenberg Bank reduced their target price on Synthomer from GBX 120 ($1.61) to GBX 80 ($1.08) and set a "hold" rating on the stock in a report on Wednesday. Jefferies Financial Group restated a "hold" rating and set a GBX 100 ($1.34) price target on shares of Synthomer in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased 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 report on Wednesday, July 30th.

Synthomer Price Performance

The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90. The firm has a fifty day simple moving average of GBX 99.81 and a 200 day simple moving average of GBX 109.72. The company has a market capitalization of £105.60 million, a PE ratio of -1.29, a P/E/G ratio of -0.17 and a beta of 1.79.

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

Insider Buying and Selling

In other news, insider Lily Liu purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were purchased at an average cost of GBX 64 ($0.86) per share, with a total value of £12,800 ($17,213.56). Also, insider Janet E. Ashdown bought 19,920 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were acquired at an average price of GBX 99 ($1.33) per share, for a total transaction of £19,720.80 ($26,520.71). Insiders acquired a total of 99,149 shares of company stock valued at $7,101,965 over the last 90 days. Insiders own 28.00% of the company's stock.

About Synthomer

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.