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Synthomer shares crashed 49.6% amid unexplained trading surge and ongoing financial struggles.
Synthomer (LON:SYNT) shares plunged 49.6% on Wednesday, closing at GBX 28.60 after hitting a low of GBX 26.31, with trading volume surging to 10.98 million shares—1,001% above average.
The London-listed chemical company, which operates 29 global manufacturing sites and employs around 3,900 people, faces financial challenges including a negative P/E ratio and high debt, though analysts maintain a "Hold" rating with a target price of GBX 90.50.
No specific reason for the drop was provided in the reports.
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Las acciones de Synthomer se desplomaron un 49,6% en medio de un aumento inexplicable de las operaciones y las continuas dificultades financieras.