Synthomer (LON:SYNT) Stock Passes Below 200-Day Moving Average – Here’s Why

Synthomer plc (LON:SYNT)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

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

Synthomer Trading Up 22.1%

The firm has a market capitalization of £59.59 million, a P/E ratio of -0.71, a PEG ratio of -0.17 and a beta of 1.86. The company has a quick ratio of 0.97, a current ratio of 1.64 and a debt-to-equity ratio of 97.65. The business has a 50-day moving average price of GBX 33.23 and a 200-day moving average price of GBX 50.88.

About Synthomer

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.