Synthomer (LON:SYNT) Trading Down 13% - Time to Sell?

Synthomer plc (LON:SYNT - Get Free Report)'s share price was down 13% on Tuesday . The stock traded as low as GBX 95.19 ($1.31) and last traded at GBX 95.19 ($1.31). Approximately 3,059,235 shares changed hands during mid-day trading, an increase of 308% from the average daily volume of 749,834 shares. The stock had previously closed at GBX 109.40 ($1.50).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut Synthomer to a "hold" rating and decreased their price objective for the company from GBX 230 ($3.16) to GBX 150 ($2.06) in a report on Wednesday, March 12th.

Synthomer Stock Up 4.9%

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 capitalization of £160.04 million, a PE ratio of -1.96, a PEG ratio of -0.17 and a beta of 1.79. The business has a fifty day moving average of GBX 102.98 and a 200 day moving average of GBX 120.39.

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.