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

Synthomer plc (LON:SYNT)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 252.54 ($3.28) and traded as low as GBX 174.40 ($2.26). Synthomer shares last traded at GBX 175.40 ($2.28), with a volume of 314,435 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Canaccord Genuity Group lowered their target price on Synthomer from GBX 300 ($3.90) to GBX 275 ($3.57) and set a “buy” rating for the company in a research note on Friday, October 4th. Berenberg Bank lowered their price objective on Synthomer from GBX 375 ($4.87) to GBX 340 ($4.41) and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, Jefferies Financial Group upped their target price on shares of Synthomer from GBX 220 ($2.86) to GBX 250 ($3.25) and gave the stock a “hold” rating in a research report on Friday, July 12th.

Synthomer Stock Performance

The business has a fifty day moving average price of GBX 215.54 and a 200-day moving average price of GBX 252.54. The stock has a market capitalization of £292.14 million, a P/E ratio of -287.54, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a quick ratio of 0.97, a current ratio of 1.90 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.