Synthomer (LON:SYNT) Shares Down 13% - What's Next?

Synthomer plc (LON:SYNT - Get Free Report)'s stock price fell 13% during mid-day trading on Tuesday . The company traded as low as GBX 95.19 ($1.30) and last traded at GBX 95.19 ($1.30). 3,059,235 shares were traded during trading, an increase of 308% from the average session volume of 749,834 shares. The stock had previously closed at GBX 109.40 ($1.49).

Analysts Set New Price Targets

Separately, Berenberg Bank lowered shares of Synthomer to a "hold" rating and cut their target price for the stock from GBX 230 ($3.14) to GBX 150 ($2.05) in a research note on Wednesday, March 12th.

Synthomer Price Performance

The stock's fifty day moving average price is GBX 103.50 and its two-hundred day moving average price is GBX 120.07. The firm has a market capitalization of £158.89 million, a price-to-earnings ratio of -1.94, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 78.27.

Insider Buying and Selling at Synthomer

In other news, insider Janet E. Ashdown acquired 19,920 shares of Synthomer stock in a transaction dated Thursday, July 3rd. The shares were acquired at an average cost of GBX 99 ($1.35) per share, for a total transaction of £19,720.80 ($26,922.59). Insiders own 28.00% of the company's stock.

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.