Syensqo (OTCMKTS:SHBBF) Announces Quarterly Earnings Results

Syensqo (OTCMKTS:SHBBF) announced 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.

Syensqo Price Performance

Shares of OTCMKTS:SHBBF traded up $0.06 during midday trading on Thursday, hitting $87.56. The stock had a trading volume of 125 shares, compared to its average volume of 435. Syensqo has a 12 month low of $48.08 and a 12 month high of $98.20. The business’s 50-day simple moving average is $90.22 and its 200-day simple moving average is $79.37.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Syensqo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

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.