Synthomer (LON:SYNT) Shares Down 17.5% - Here's What Happened

Key Points

• Synthomer plc's share price fell by 17.5% to a low of GBX 62 ($0.82) during trading, with trading volume surging by 613% from its average.
• Analysts from Deutsche Bank and Jefferies have lowered their price targets on Synthomer, reflecting a bearish outlook with "hold" ratings.
• Synthomer reported negative earnings per share of GBX (5.40) (($0.07)) for its latest quarter and has a high debt-to-equity ratio of 78.27.

Synthomer plc (LON:SYNT - Get Free Report)'s stock price was down 17.5% on Tuesday . The company traded as low as GBX 62 ($0.83) and last traded at GBX 65 ($0.87). Approximately 5,192,510 shares traded hands during trading, an increase of 613% from the average daily volume of 727,993 shares. The stock had previously closed at GBX 78.80 ($1.05).

Analyst Ratings Changes

SYNT has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price target on Synthomer from GBX 140 ($1.87) to GBX 115 ($1.54) and set a "hold" rating on the stock in a research report on Wednesday, July 30th. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 100 ($1.34) price target on shares of Synthomer in a report on Tuesday.

Synthomer Stock Performance

The company has a market cap of £103.63 million, a P/E ratio of -1.27, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The stock has a 50 day moving average price of GBX 101.36 and a two-hundred day moving average price of GBX 110.56. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 78.27.

Synthomer (LON:SYNT - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported GBX (5.40) (($0.07)) earnings per share (EPS) for the quarter. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%. On average, research analysts predict that Synthomer plc will post 12.962963 earnings per share for the current fiscal year.

Insider Activity at Synthomer

In other news, insider Jonathan Silver acquired 59,229 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired at an average price of GBX 65 ($0.87) per share, for a total transaction of £38,498.85 ($51,427.80). Also, insider Janet E. Ashdown purchased 19,920 shares of the stock in a transaction dated Thursday, July 3rd. The stock was acquired at an average cost of GBX 99 ($1.32) per share, for a total transaction of £19,720.80 ($26,343.57). In the last 90 days, insiders acquired 99,149 shares of company stock valued at $7,101,965. 28.00% of the stock is owned by company insiders.

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.