Synectics (LON:SNX) Stock Crosses Above 200 Day Moving Average of $142.62

Synectics plc (LON:SNX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 142.62 ($1.81) and traded as high as GBX 192.50 ($2.44). Synectics shares last traded at GBX 187.50 ($2.37), with a volume of 120,400 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Synectics in a research report on Tuesday, February 27th.

Synectics Price Performance

The business has a 50 day moving average price of GBX 176.30 and a two-hundred day moving average price of GBX 142.62. The stock has a market cap of £33.36 million, a PE ratio of 1,442.31 and a beta of 0.64. The company has a debt-to-equity ratio of 4.99, a quick ratio of 1.42 and a current ratio of 1.96.

Synectics Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, April 11th will be issued a GBX 3 ($0.04) dividend. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, April 11th. This is a boost from Synectics’s previous dividend of $2.00. Synectics’s payout ratio is 2,307.69%.

Insider Buying and Selling

In other Synectics news, insider Andrew Lockwood bought 8,659 shares of the stock in a transaction on Monday, March 25th. The shares were acquired at an average price of GBX 174 ($2.20) per share, with a total value of £15,066.66 ($19,069.31). 57.30% of the stock is currently owned by insiders.

Synectics Company Profile

Synectics plc engages in the design, integration, and support of security and surveillance systems in the United Kingdom and internationally. It operates through Systems and Security divisions. The Systems division provides specialist electronic surveillance systems based on its own proprietary technology for gaming, transport, critical infrastructure, public space, and oil & gas applications.