Synectics (LON:SNX) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

by · The Markets Daily

Synectics plc (LON:SNX – Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 298.95 and traded as low as GBX 225. Synectics shares last traded at GBX 225.65, with a volume of 39,086 shares traded.

Analyst Ratings Changes

Separately, Shore Capital restated a “house stock” rating on shares of Synectics in a report on Thursday, October 16th.

Check Out Our Latest Stock Analysis on Synectics

Synectics Price Performance

The company has a debt-to-equity ratio of 4.04, a quick ratio of 1.42 and a current ratio of 2.02. The firm has a market capitalization of £37.84 million, a P/E ratio of 8.95 and a beta of 0.69. The stock’s 50 day simple moving average is GBX 273.09 and its 200 day simple moving average is GBX 298.95.

Insider Activity

In other news, insider Andrew Lockwood acquired 6,664 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The shares were bought at an average price of GBX 300 per share, with a total value of £19,992. Insiders own 22.80% of the company’s stock.

About Synectics

(Get Free Report)

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.

The group’s expert engineering teams work in partnership with customers to create integrated product and technology solutions, proven in the most complex and demanding operating environments.

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