Synectics (LON:SNX) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Synectics plc (LON:SNX)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 304.11 ($3.96) and traded as high as GBX 334.70 ($4.35). Synectics shares last traded at GBX 334.70 ($4.35), with a volume of 46,833 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of Synectics in a research note on Thursday, December 5th.

Synectics Trading Up 6.3 %

The company has a market cap of £54.98 million, a P/E ratio of 18.63 and a beta of 0.69. The stock’s 50 day moving average is GBX 333.95 and its 200-day moving average is GBX 304.11. The company has a current ratio of 2.02, a quick ratio of 1.42 and a debt-to-equity ratio of 4.04.

Synectics (LON:SNX) last issued its earnings results on Tuesday, March 4th. The company reported GBX 21.60 ($0.28) earnings per share for the quarter. Synectics had a return on equity of 7.67% and a net margin of 5.63%. Research analysts anticipate that Synectics plc will post 1560.0001173 earnings per share for the current fiscal year.

Synectics Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 24th will be given a GBX 2.50 ($0.03) dividend. This is a positive change from Synectics’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, April 24th. This represents a yield of 0.79%. Synectics’s payout ratio is 22.26%.

Synectics Company Profile

Synectics is a global leader in the design, integration, and support of advanced security and surveillance systems that enable clients around the world to protect their people, communities, and assets. Founded over 30 years ago, Synectics has deep industry experience across gaming, energy, urban transport, public space, custodial and critical infrastructure projects.