Synthomer (LON:SYNT) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Synthomer plc (LON:SYNT) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 189.37 ($2.34) and traded as low as GBX 148.80 ($1.84). Synthomer shares last traded at GBX 149.60 ($1.85), with a volume of 525,246 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price target on shares of Synthomer from GBX 265 ($3.27) to GBX 230 ($2.84) and set a “buy” rating for the company in a research report on Monday, January 6th.

Synthomer Trading Down 0.1 %

The firm has a market cap of £244.41 million, a PE ratio of -244.96, a PEG ratio of -0.17 and a beta of 1.79. The firm has a fifty day simple moving average of GBX 153.64 and a two-hundred day simple moving average of GBX 189.37. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 77.42.

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.