Synectics (LON:SNX) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

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 ($3.93) and traded as high as GBX 334.70 ($4.32). Synectics shares last traded at GBX 334.70 ($4.32), with a volume of 46,833 shares changing hands.

Wall Street Analyst Weigh In

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

Synectics Stock Performance

The stock’s 50-day moving average is GBX 333.33 and its 200-day moving average is GBX 304.30. The company has a current ratio of 2.02, a quick ratio of 1.42 and a debt-to-equity ratio of 4.04. The stock has a market cap of £53.17 million, a price-to-earnings ratio of 18.02 and a beta of 0.69.

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

Synectics Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 24th will be issued a GBX 2.50 ($0.03) dividend. This is an increase from Synectics’s previous dividend of $2.00. This represents a yield of 0.79%. The ex-dividend date is Thursday, April 24th. Synectics’s dividend payout ratio is currently 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.