Synthomer (LON:SYNT) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Synthomer plc (LON:SYNT) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 243.55 ($3.07) and traded as low as GBX 170 ($2.14). Synthomer shares last traded at GBX 174 ($2.19), with a volume of 241,692 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SYNT shares. Canaccord Genuity Group reduced their price objective on shares of Synthomer from GBX 300 ($3.78) to GBX 275 ($3.47) and set a “buy” rating on the stock in a research report on Friday, October 4th. Berenberg Bank reduced their price target on shares of Synthomer from GBX 375 ($4.73) to GBX 340 ($4.28) and set a “buy” rating on the stock in a report on Tuesday, August 13th.

Synthomer Price Performance

The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.97 and a current ratio of 1.90. The firm has a fifty day simple moving average of GBX 195.06 and a two-hundred day simple moving average of GBX 243.55. The firm has a market cap of £284.61 million, a PE ratio of -285.25, a PEG ratio of -0.17 and a beta of 1.79.

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.