Synthomer (LON:SYNT) Posts Earnings Results

Synthomer (LON:SYNT) posted its quarterly earnings results on Wednesday. The company reported GBX (3.50) (($0.05)) earnings per share 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

LON SYNT opened at GBX 132.80 ($1.72) on Wednesday. The company has a 50-day moving average price of GBX 141.51 and a 200-day moving average price of GBX 172.40. Synthomer has a 52 week low of GBX 122 ($1.58) and a 52 week high of GBX 338 ($4.38). The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 78.27. The firm has a market capitalization of £217.76 million, a P/E ratio of -2.66, a PEG ratio of -0.17 and a beta of 1.79.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their target price on Synthomer from GBX 265 ($3.43) to GBX 230 ($2.98) and set a “buy” rating on the stock in a research note on Monday, January 6th.

Synthomer Company Profile

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.