Synthomer (LON:SYNT) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Synthomer plc (LON:SYNT) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 72.30 and traded as low as GBX 59.50. Synthomer shares last traded at GBX 61.30, with a volume of 90,099 shares.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price target on Synthomer from GBX 200 to GBX 120 and set a “neutral” rating for the company in a research note on Friday, October 10th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Synthomer currently has an average rating of “Hold” and a consensus price target of GBX 103.75.

Synthomer Stock Performance

The company has a market cap of £99.06 million, a P/E ratio of -1.19, a P/E/G ratio of -0.17 and a beta of 1.79. The firm has a 50 day moving average price of GBX 55.82 and a 200-day moving average price of GBX 72.30. The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90.

Insider Transactions at Synthomer

In related news, insider Michael Willome bought 63,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was purchased at an average price of GBX 49 per share, with a total value of £30,870. 5.03% of the stock is owned by 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.