Synectics (LON:SNX) Shares Cross Above 200-Day Moving Average – Should You Sell?

Synectics plc (LON:SNX)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 308.66 ($4.00) and traded as high as GBX 310 ($4.01). Synectics shares last traded at GBX 304 ($3.94), with a volume of 12,462 shares traded.

Analysts Set New Price Targets

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

Synectics Stock Down 1.0 %

The company has a quick ratio of 1.42, a current ratio of 2.02 and a debt-to-equity ratio of 4.04. The firm has a market capitalization of £49.93 million, a PE ratio of 16.92 and a beta of 0.69. The business has a 50-day moving average price of GBX 329.04 and a 200-day moving average price of GBX 308.66.

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

Synectics Increases Dividend

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

About Synectics

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.