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

Synthomer plc (LON:SYNT)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 68.51 and traded as low as GBX 62.80. Synthomer shares last traded at GBX 63.38, with a volume of 312,293 shares.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their target price on shares of Synthomer from GBX 200 to GBX 120 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 103.75.

Synthomer Stock Up 0.5%

The business’s 50 day simple moving average is GBX 57.17 and its 200-day simple moving average is GBX 68.51. The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90. The company has a market cap of £103.15 million, a price-to-earnings ratio of -1.23, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79.

Insider Buying and Selling

In other news, insider Michael Willome bought 63,000 shares of the stock in a transaction on Tuesday, November 11th. The shares were purchased at an average price of GBX 49 per share, for a total transaction of £30,870. 5.03% of the stock is owned by company insiders.

About Synthomer

Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection – growing markets for customers who serve billions of end users worldwide.

Headquartered in London, UK and listed on the LSE since 1971, we employ c.3,900 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.