Synthomer (OTCMKTS:SYHMY) Trading Up 45.3% – What’s Next?

Synthomer plc (OTCMKTS:SYHMY) shares shot up 45.3% during mid-day trading on Friday . The company traded as high as $2.12 and last traded at $2.12. 119 shares were traded during mid-day trading, a decline of 66% from the average session volume of 355 shares. The stock had previously closed at $1.46.

Synthomer Stock Up 45.3 %

The company’s 50 day simple moving average is $3.15 and its 200 day simple moving average is $3.55.

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.