Syensqo (OTCMKTS:SHBBF) Cut to Hold at Zacks Research

Zacks Research lowered shares of Syensqo (OTCMKTS:SHBBF) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks reports.

Syensqo Price Performance

OTCMKTS SHBBF remained flat at $87.56 during trading on Wednesday. The company’s stock had a trading volume of 341 shares, compared to its average volume of 453. The company has a 50-day moving average of $90.08 and a 200-day moving average of $79.39. Syensqo has a fifty-two week low of $48.08 and a fifty-two week high of $98.20.

Syensqo (OTCMKTS:SHBBF) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.03. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.80 billion. On average, analysts anticipate that Syensqo will post 3.93 EPS for the current fiscal year.

Syensqo Company Profile

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.