Synthomer (LON:SYNT) Posts Quarterly Earnings Results

Synthomer (LON:SYNT) issued its earnings results on Wednesday. The company reported GBX (3.50) (($0.05)) EPS 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 Up 2.6 %

Shares of LON:SYNT traded up GBX 3 ($0.04) during midday trading on Friday, hitting GBX 117.40 ($1.52). 1,538,051 shares of the company’s stock were exchanged, compared to its average volume of 657,219. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97. Synthomer has a 12 month low of GBX 114 ($1.48) and a 12 month high of GBX 338 ($4.38). The company has a market cap of £192.51 million, a PE ratio of -2.35, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The stock has a 50 day moving average price of GBX 139.90 and a 200-day moving average price of GBX 171.16.

Wall Street Analyst Weigh In

Separately, Berenberg Bank downgraded Synthomer to a “hold” rating and decreased their price objective for the company from GBX 230 ($2.98) to GBX 150 ($1.94) in a 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.