Synthomer plc (LON:SYNT - Get Free Report) shares rose 11% during mid-day trading on Friday . The company traded as high as GBX 92.15 ($1.22) and last traded at GBX 88.16 ($1.17). Approximately 11,893,332 shares traded hands during trading, an increase of 1,243% from the average daily volume of 885,594 shares. The stock had previously closed at GBX 79.40 ($1.05).
Analysts Set New Price Targets
Separately, Berenberg Bank cut Synthomer to a "hold" rating and cut their target price for the stock from GBX 230 ($3.04) to GBX 150 ($1.99) in a research note on Wednesday, March 12th.
Check Out Our Latest Stock Report on SYNT
Synthomer Trading Down 2.4 %
The company's 50 day simple moving average is GBX 119.79 and its 200 day simple moving average is GBX 150.03. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97. The firm has a market cap of £135.94 million, a price-to-earnings ratio of -1.66, a P/E/G ratio of -0.17 and a beta of 1.79.
Synthomer (LON:SYNT - Get Free Report) last announced its earnings results on Wednesday, March 12th. The company reported GBX (3.50) (($0.05)) 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, research analysts expect that Synthomer plc will post 12.962963 earnings per share for the current fiscal year.
About Synthomer
(
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Synthomer plc operates as a specialty chemicals company in the United Kingdom and internationally. It operates through five segments: Performance Elastomers, Functional Solutions, Industrial Specialities, Acrylate Monomers, and Adhesive Technologies. The company offers adhesives, including PSA labels, packaging and specialty tapes, saturants, release coatings, wood working, wet glues, hygiene and contact adhesives, packaging and assembly hot melt adhesives; coatings products such as architectural, masonry, intumescent, metal, wood, soil releases, blinders, ink receptive, polyester for powder coatings, SYNTHOMER NX for coalescing agents, and SYNOLOX BEPF for glycol.
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