Synthomer (LON:SYNT) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Synthomer shares moved above their 200-day moving average, with the stock trading as high as GBX 84.22 and last changing hands at GBX 82.
• Analysts remain cautious overall: the stock has a consensus Hold rating and an average price target of GBX 86.75, though Berenberg recently raised its target to GBX 100.
• The company continues to show financial strain, including a negative EPS in its latest quarter, negative net margin and return on equity, and a very high debt-to-equity ratio of 90.86.

Synthomer plc (LON:SYNT - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 63.06 and traded as high as GBX 84.22. Synthomer shares last traded at GBX 82, with a volume of 330,419 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 65 price objective on shares of Synthomer in a report on Thursday, April 30th. Berenberg Bank increased their target price on Synthomer from GBX 60 to GBX 100 and gave the company a "hold" rating in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of GBX 86.75.

Synthomer Trading Down 2.4%

The firm's fifty day moving average is GBX 98.09 and its two-hundred day moving average is GBX 63.06. The firm has a market cap of £134.43 million, a P/E ratio of -0.85, a PEG ratio of -0.17 and a beta of 1.02. The company has a quick ratio of 0.97, a current ratio of 1.57 and a debt-to-equity ratio of 90.86.

Synthomer (LON:SYNT - Get Free Report) last released its earnings results on Friday, May 1st. The company reported GBX (91.90) earnings per share for the quarter. Synthomer had a negative return on equity of 16.66% and a negative net margin of 9.03%.The business had revenue of GBX 173.92 billion during the quarter. Analysts predict that Synthomer plc will post 12.962963 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Lily Liu acquired 29,192 shares of Synthomer stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average price of GBX 66 per share, for a total transaction of £19,266.72. Corporate insiders own 5.02% 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.3,800 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.

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