Solstice Advanced Mat (NASDAQ:SOLS) Shares Gap Down – What’s Next?

Shares of Solstice Advanced Mat (NASDAQ:SOLS) gapped down prior to trading on Monday . The stock had previously closed at $80.19, but opened at $73.39. Solstice Advanced Mat shares last traded at $70.3470, with a volume of 1,959,368 shares traded.

Analysts Set New Price Targets

A number of brokerages recently commented on SOLS. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Royal Bank Of Canada raised their target price on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. BMO Capital Markets boosted their price target on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Truist Financial assumed coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Solstice Advanced Mat has a consensus rating of “Hold” and a consensus price target of $89.50.

Solstice Advanced Mat Price Performance

The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The firm has a fifty day simple moving average of $83.21 and a 200 day simple moving average of $73.23. The company has a market capitalization of $10.91 billion and a PE ratio of 76.90.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million for the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Equities analysts anticipate that Solstice Advanced Mat will post 2.64 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is currently 33.71%.

Hedge Funds Weigh In On Solstice Advanced Mat

Institutional investors and hedge funds have recently modified their holdings of the stock. Ferguson Wellman Capital Management Inc. acquired a new position in Solstice Advanced Mat during the fourth quarter worth $2,259,000. Parsons Capital Management Inc. RI acquired a new position in shares of Solstice Advanced Mat during the 4th quarter valued at about $625,000. JFS Wealth Advisors LLC acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $121,000. Pathway Financial Advisors LLC acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $337,000. Finally, Tradewinds Capital Management LLC acquired a new position in Solstice Advanced Mat in the fourth quarter valued at about $89,000.

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.