Synthomer (LON:SYNT) Issues Quarterly Earnings Results

Synthomer (LON:SYNT) issued its quarterly earnings data on Wednesday. The company reported GBX (3.50) (($0.05)) EPS for the quarter, Digital Look Earnings reports. Synthomer had a negative return on equity of 7.52% and a negative net margin of 4.40%.

Synthomer Price Performance

SYNT opened at GBX 118.87 ($1.54) on Friday. The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90. Synthomer has a 1-year low of GBX 114 ($1.48) and a 1-year high of GBX 338 ($4.38). The company has a 50-day moving average of GBX 139.90 and a 200-day moving average of GBX 171.16. The company has a market capitalization of £194.92 million, a P/E ratio of -2.38, a PEG ratio of -0.17 and a beta of 1.79.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered Synthomer to a “hold” rating and dropped their target price for the stock from GBX 230 ($2.98) to GBX 150 ($1.94) in a research report on Wednesday.

About Synthomer

Synthomer plc operates as a specialty chemicals company in the United Kingdom and internationally. It operates through five segments: Performance Elastomers, Functional Solutions, Industrial Specialities, Acrylate Monomers, and Adhesive Technologies. The company offers adhesives, including PSA labels, packaging and specialty tapes, saturants, release coatings, wood working, wet glues, hygiene and contact adhesives, packaging and assembly hot melt adhesives; coatings products such as architectural, masonry, intumescent, metal, wood, soil releases, blinders, ink receptive, polyester for powder coatings, SYNTHOMER NX for coalescing agents, and SYNOLOX BEPF for glycol.