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

Key Points

• Shares fell below its 200‑day moving average, trading as low as GBX 38.70 and last at GBX 42.70 on volume 1,014,642 (200‑day MA = GBX 49.66).
• Deutsche Bank cut its price target on Synthomer from GBX 96 to GBX 62 and assigned a "hold" rating; the consensus from four analysts is also "Hold" with a consensus PT of GBX 90.50.
• Fundamentals show financial stress — market cap £75.20m, a negative P/E of -0.90, high debt‑to‑equity of 97.65, current ratio 1.64 and quick ratio 0.97.

Synthomer plc (LON:SYNT - Get Free Report) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 49.66 and traded as low as GBX 38.70. Synthomer shares last traded at GBX 42.70, with a volume of 1,014,642 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on Synthomer from GBX 96 to GBX 62 and set a "hold" rating on the stock in a research note on Monday, February 2nd. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Synthomer presently has a consensus rating of "Hold" and a consensus price target of GBX 90.50.

Synthomer Stock Performance

The company has a 50 day moving average price of GBX 30.96 and a 200-day moving average price of GBX 49.66. The company has a current ratio of 1.64, a quick ratio of 0.97 and a debt-to-equity ratio of 97.65. The company has a market cap of £75.20 million, a P/E ratio of -0.90, a price-to-earnings-growth ratio of -0.17 and a beta of 0.57.

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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