Syensqo (OTCMKTS:SHBBF) Posts Quarterly Earnings Results

Syensqo (OTCMKTS:SHBBF) issued its earnings results on Thursday. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.20 by $0.03, Zacks reports. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.80 billion.

Syensqo Price Performance

Shares of OTCMKTS:SHBBF remained flat at $87.56 during trading on Friday. The stock had a trading volume of 125 shares, compared to its average volume of 435. The company has a 50-day simple moving average of $90.22 and a two-hundred day simple moving average of $79.37. Syensqo has a fifty-two week low of $48.08 and a fifty-two week high of $98.20.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Syensqo from a “strong-buy” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

About Syensqo

Syensqo is a global specialty chemicals and advanced materials company serving customers in industries such as aerospace, automotive, healthcare, electronics, consumer goods, and energy. Its portfolio includes high-performance polymers, composite materials, specialty adhesives, surfactants, and other formulated chemical solutions designed for demanding industrial and consumer applications.

The company develops materials that can support lightweighting, thermal and chemical resistance, durability, and improved resource efficiency.