Synthomer (LON:SYNT) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Shares of Synthomer plc (LON:SYNT - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 112.64 ($1.49) and traded as low as GBX 90.30 ($1.19). Synthomer shares last traded at GBX 90.30 ($1.19), with a volume of 663,987 shares trading hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Synthomer from GBX 140 ($1.85) to GBX 115 ($1.52) and set a "hold" rating on the stock in a research report on Wednesday.

Synthomer Price Performance

The business's 50 day moving average price is GBX 102.98 and its 200 day moving average price is GBX 112.07. The stock has a market capitalization of £131.18 million, a P/E ratio of -1.60, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97.

Insider Transactions at Synthomer

In related news, insider Janet E. Ashdown purchased 19,920 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were purchased at an average cost of GBX 99 ($1.31) per share, for a total transaction of £19,720.80 ($26,051.25). 28.00% of the stock is currently owned by insiders.

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.