Synthomer (LON:SYNT) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Synthomer plc (LON:SYNT)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 64.64 and traded as low as GBX 56.80. Synthomer shares last traded at GBX 57.20, with a volume of 538,518 shares changing hands.

Analyst Ratings Changes

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

Synthomer Trading Up 0.5%

The business has a 50 day moving average of GBX 59.36 and a 200 day moving average of GBX 64.64. The firm has a market capitalization of £94.00 million, a price-to-earnings ratio of -1.13, a PEG ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97.

Insider Activity at Synthomer

In other news, insider Michael Willome purchased 63,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average cost of GBX 49 per share, for a total transaction of £30,870. 5.03% of the stock is currently 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.