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Synthomer (LON:SYNT) Shares Pass Below 200-Day Moving Average - Here's What Happened

Synthomer logo with Basic Materials background

Synthomer plc (LON:SYNT - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 120.07 ($1.63) and traded as low as GBX 96 ($1.31). Synthomer shares last traded at GBX 96.90 ($1.32), with a volume of 313,917 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut shares of Synthomer to a "hold" rating and decreased their price target for the stock from GBX 230 ($3.13) to GBX 150 ($2.04) in a report on Wednesday, March 12th.

Get Our Latest Report on Synthomer

Synthomer Stock Down 0.2%

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 £153.65 million, a price-to-earnings ratio of -1.88, a PEG ratio of -0.17 and a beta of 1.79. The firm's fifty day simple moving average is GBX 103.87 and its 200 day simple moving average is GBX 118.58.

Insider Transactions at Synthomer

In other Synthomer news, insider Janet E. Ashdown acquired 19,920 shares of the stock in a transaction on Thursday, July 3rd. The shares were bought at an average cost of GBX 99 ($1.35) per share, with a total value of £19,720.80 ($26,841.98). Insiders own 28.00% of the company's stock.

Synthomer Company Profile

(Get Free Report)

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.

Further Reading

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