Synthomer (LON:SYNT) Stock Price Down 20.1% - What's Next?

Key Points

• Synthomer plc shares fell 20.1%, trading as low as GBX 62 ($0.82), amid a spike in trading volume that increased to 6,089,601 shares.
• Wall Street analysts have issued varying ratings; Jefferies maintained a "hold" with a GBX 100 ($1.33) price target, while Deutsche Bank lowered its target from GBX 140 ($1.86) to GBX 115 ($1.53).
• Insider transactions showed significant buying, with notable purchases from Lily Liu and Janet E. Ashdown indicating confidence from inner stakeholders amid the stock decline.

Synthomer plc (LON:SYNT - Get Free Report) was down 20.1% during trading on Tuesday . The company traded as low as GBX 62 ($0.82) and last traded at GBX 63 ($0.84). Approximately 6,089,601 shares changed hands during mid-day trading, an increase of 730% from the average daily volume of 733,974 shares. The stock had previously closed at GBX 78.80 ($1.05).

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Synthomer from GBX 140 ($1.86) to GBX 115 ($1.53) and set a "hold" rating for the company in a research report on Wednesday, July 30th. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 100 ($1.33) price target on shares of Synthomer in a research report on Tuesday.

Synthomer Stock Performance

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 company has a market cap of £103.63 million, a P/E ratio of -1.27, a P/E/G ratio of -0.17 and a beta of 1.79. The firm's fifty day moving average price is GBX 101.36 and its 200-day moving average price is GBX 110.56.

Synthomer (LON:SYNT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported GBX (5.40) (($0.07)) 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, research analysts forecast that Synthomer plc will post 12.962963 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Lily Liu purchased 20,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average price of GBX 64 ($0.85) per share, with a total value of £12,800 ($17,019.01). Also, insider Janet E. Ashdown bought 19,920 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was acquired at an average cost of GBX 99 ($1.32) per share, with a total value of £19,720.80 ($26,220.98). Insiders bought a total of 99,149 shares of company stock valued at $7,101,965 over the last quarter. 28.00% of the stock is owned by corporate insiders.

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.