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Symphony Environmental Technologies ( (GB:SYM) ) has issued an update.
Symphony Environmental Technologies has welcomed a Royal Society study highlighting the urgent need for plastics that biodegrade in the ocean. The study emphasizes that traditional methods of reducing plastic waste are insufficient, as plastic pollution persists for over a century. Symphony’s d2w® oxo-biodegradable technology offers a solution by converting plastics into biodegradable materials without leaving toxic residues. This technology is already mandatory in several countries, and Symphony urges broader adoption to mitigate long-term environmental harm.
The most recent analyst rating on (GB:SYM) stock is a Hold with a £7.00 price target. To see the full list of analyst forecasts on Symphony Environmental Technologies stock, see the GB:SYM Stock Forecast page.
Spark’s Take on GB:SYM Stock
According to Spark, TipRanks’ AI Analyst, GB:SYM is a Neutral.
Symphony Environmental Technologies faces substantial financial and valuation challenges, with negative profitability and a weakened balance sheet being the most significant concerns. Technical analysis indicates mixed signals, with some long-term support but overall bearish momentum. The absence of earnings call data and corporate events limits additional insights into the company’s future prospects.
To see Spark’s full report on GB:SYM stock, click here.
More about Symphony Environmental Technologies
Symphony Environmental Technologies Plc is a global leader in environmental protection technologies, offering a range of plastic technologies under its d2w® and d2p brands. The company focuses on creating biodegradable plastics and protective solutions against various environmental and biological threats. Symphony has a diverse customer base, distributing its products in nearly 100 countries and participating in international standards organizations.
Average Trading Volume: 166,887
Technical Sentiment Signal: Hold
Current Market Cap: £17.73M
See more data about SYM stock on TipRanks’ Stock Analysis page.