Solstice Advanced Mat (NASDAQ:SOLS) Receives Consensus Rating of “Hold” from Brokerages

Solstice Advanced Mat (NASDAQ:SOLS) has been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $59.40.

A number of research analysts have recently weighed in on the company. Weiss Ratings started coverage on Solstice Advanced Mat in a research report on Thursday, January 15th. They set a “sell (d+)” rating for the company. Alembic Global Advisors began coverage on Solstice Advanced Mat in a report on Monday, December 1st. They set an “overweight” rating and a $60.00 price target for the company. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 20th. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Finally, Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Wednesday, January 7th.

Institutional Trading of Solstice Advanced Mat

Several hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $8,189,000. North Star Investment Management Corp. purchased a new stake in Solstice Advanced Mat during the fourth quarter valued at approximately $122,000. Laurel Wealth Advisors LLC bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at approximately $86,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at approximately $2,821,000. Finally, US Bancorp DE purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $7,851,000.

Solstice Advanced Mat Stock Down 2.9%

SOLS opened at $61.77 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 0.93. The company’s fifty day moving average is $52.35. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $66.05.

About Solstice Advanced Mat

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.