Synthomer (LON:SYNT) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Synthomer plc (LON:SYNT) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 51.03 and traded as low as GBX 26.50. Synthomer shares last traded at GBX 29.08, with a volume of 1,481,988 shares traded.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on Synthomer from GBX 96 to GBX 62 and set a “hold” rating for the company in a report on Monday, February 2nd. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 90.50.

Synthomer Stock Performance

The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.97 and a current ratio of 1.64. The firm’s 50-day moving average price is GBX 33.75 and its two-hundred day moving average price is GBX 51.03. The stock has a market cap of £47.54 million, a price-to-earnings ratio of -0.57, a PEG ratio of -0.17 and a beta of 1.86.

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.