Synthomer (LON:SYNT) Stock Price Down 20.1% - Here's What Happened

Key Points

• Synthomer plc shares fell by 20.1% on Tuesday, with trading volume surging to 6,089,601 shares compared to its average of 733,974 shares.
• Analysts have given mixed ratings, with Jefferies maintaining a "hold" stance at a GBX 100 price target, while Deutsche Bank has lowered its target from GBX 140 to GBX 115.
• The company reported a negative EPS of GBX (5.40) for the last quarter, alongside a negative net margin of 4.40% and return on equity of 7.52%.

Synthomer plc (LON:SYNT - Get Free Report)'s stock price traded down 20.1% on Tuesday . The stock traded as low as GBX 62 ($0.83) and last traded at GBX 63 ($0.85). 6,089,601 shares traded hands during mid-day trading, an increase of 730% from the average session volume of 733,974 shares. The stock had previously closed at GBX 78.80 ($1.06).

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Berenberg Bank dropped their target price on shares of Synthomer from GBX 120 ($1.61) to GBX 80 ($1.08) and set a "hold" rating on the stock in a report on Wednesday. Jefferies Financial Group restated a "hold" rating and set a GBX 100 ($1.34) target price on shares of Synthomer in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Synthomer from GBX 140 ($1.88) to GBX 115 ($1.55) and set a "hold" rating on the stock in a report on Wednesday, July 30th.

Synthomer Stock Down 2.8%

The stock has a market cap of £102.60 million, a PE ratio of -1.25, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90. The company's 50-day moving average price is GBX 98.97 and its 200 day moving average price is GBX 109.05.

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

Insider Activity

In other Synthomer news, insider Jonathan Silver purchased 59,229 shares of Synthomer stock in a transaction dated Wednesday, August 6th. The stock was purchased at an average price of GBX 65 ($0.87) per share, with a total value of £38,498.85 ($51,780.56). Also, insider Lily Liu acquired 20,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of GBX 64 ($0.86) per share, with a total value of £12,800 ($17,215.87). Insiders acquired 99,149 shares of company stock valued at $7,101,965 in the last quarter. 28.00% of the stock is currently owned by insiders.

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.