Synthomer (LON:SYNT) Announces Earnings Results

Synthomer (LON:SYNT) issued 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 net margin of 4.40% and a negative return on equity of 7.52%.

Synthomer Stock Performance

Shares of LON:SYNT opened at GBX 117 ($1.52) on Friday. The business has a 50-day moving average price of GBX 139.90 and a two-hundred day moving average price of GBX 171.16. Synthomer has a 1-year low of GBX 114 ($1.48) and a 1-year high of GBX 338 ($4.38). The stock has a market capitalization of £191.85 million, a P/E ratio of -2.34, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 78.27.

Analyst Ratings Changes

Separately, Berenberg Bank cut Synthomer to a “hold” rating and lowered their price objective for the company 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.