Synthomer (LON:SYNT) Shares Down 19.8% - What's Next?

Key Points

• Synthomer plc shares plummeted 19.8% on Tuesday, hitting a low of GBX 62 ($0.82) with a substantial increase in trading volume.
• Analysts have given mixed ratings, with Jefferies maintaining a "hold" rating and price target of GBX 100 ($1.33), while Deutsche Bank has revised their target down to GBX 115 ($1.53).
• Insider Lily Liu purchased 20,000 shares at GBX 64 ($0.85) shortly after the earnings report, indicating potential confidence in the company's future.

Shares of Synthomer plc (LON:SYNT - Get Free Report) traded down 19.8% on Tuesday . The stock traded as low as GBX 62 ($0.82) and last traded at GBX 63.20 ($0.84). 5,383,369 shares traded hands during trading, an increase of 638% from the average session volume of 729,266 shares. The stock had previously closed at GBX 78.80 ($1.05).

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Jefferies Financial Group restated a "hold" rating and set a GBX 100 ($1.33) price target on shares of Synthomer in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Synthomer from GBX 140 ($1.86) to GBX 115 ($1.53) and set a "hold" rating on the stock in a research note on Wednesday, July 30th.

Synthomer Trading Down 20.1%

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 stock has a market cap of £103.31 million, a P/E ratio of -1.26, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The business's fifty day simple moving average is GBX 102.18 and its 200 day simple moving average is GBX 110.90.

Synthomer (LON:SYNT - Get Free Report) last announced 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%. As a group, analysts expect that Synthomer plc will post 12.962963 EPS for the current year.

Insider Buying and Selling at Synthomer

In other news, insider Lily Liu bought 20,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was bought at an average price of GBX 64 ($0.85) per share, with a total value of £12,800 ($17,012.23). Also, insider Janet E. Ashdown purchased 19,920 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was bought at an average cost of GBX 99 ($1.32) per share, with a total value of £19,720.80 ($26,210.53). Company insiders own 28.00% 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.

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