Synthomer (LON:SYNT) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Synthomer plc (LON:SYNT)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 47.42 and traded as low as GBX 44.15. Synthomer shares last traded at GBX 44.85, with a volume of 276,950 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on Synthomer from GBX 96 to GBX 62 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, Synthomer currently has a consensus rating of “Hold” and a consensus price target of GBX 90.50.

Synthomer Trading Down 3.9%

The company has a 50 day moving average price of GBX 31.69 and a 200 day moving average price of GBX 47.42. The firm has a market cap of £73.32 million, a price-to-earnings ratio of -0.88, a price-to-earnings-growth ratio of -0.17 and a beta of 0.57. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.97 and a current ratio of 1.64.

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.3,800 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.