Solstice Advanced Mat (NASDAQ:SOLS) Stock Breaks Above 50-Day Moving Average – What’s Next?

Solstice Advanced Mat (NASDAQ:SOLS) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $59.90 and traded as high as $62.47. Solstice Advanced Mat shares last traded at $61.74, with a volume of 3,423,690 shares.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SOLS shares. Mizuho cut their price target on shares of Solstice Advanced Mat from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, October 1st. Vertical Research raised Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Wednesday, July 22nd. Zacks Research cut shares of Solstice Advanced Mat from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. BMO Capital Markets reiterated an “outperform” rating and set a $87.00 target price on shares of Solstice Advanced Mat in a research note on Wednesday, October 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $82.00 price objective on shares of Solstice Advanced Mat in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.30.

Solstice Advanced Mat Stock Performance

The company has a fifty day moving average of $59.90 and a two-hundred day moving average of $69.99. The firm has a market capitalization of $9.81 billion and a price-to-earnings ratio of 34.88. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SOLS. Ethic Inc. boosted its position in shares of Solstice Advanced Mat by 146.1% in the third quarter. Ethic Inc. now owns 8,740 shares of the company’s stock valued at $492,000 after acquiring an additional 5,189 shares during the period. CenterBook Partners LP acquired a new position in shares of Solstice Advanced Mat in the third quarter valued at about $5,135,000. International Assets Investment Management LLC grew its stake in shares of Solstice Advanced Mat by 8.3% in the third quarter. International Assets Investment Management LLC now owns 5,373 shares of the company’s stock valued at $306,000 after acquiring an additional 411 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of Solstice Advanced Mat in the third quarter valued at about $30,000. Finally, Chicago Partners Investment Group LLC increased its position in Solstice Advanced Mat by 93.5% during the third quarter. Chicago Partners Investment Group LLC now owns 6,954 shares of the company’s stock worth $413,000 after acquiring an additional 3,361 shares during the period.

About Solstice Advanced Mat

Solstice Advanced Materials, Inc (NASDAQ:SOLS) is a specialty materials company that develops and manufactures engineered materials and chemical technologies for industrial and commercial applications. The company was established as an independent public company following the separation of Honeywell’s Advanced Materials business.

Its portfolio includes fluorine-based products, specialty films, advanced fibers, resins, additives, and other performance materials. These products are used in areas such as refrigeration and air conditioning, healthcare and pharmaceutical packaging, electronics and semiconductors, transportation, aerospace, and protective equipment.

Solstice Advanced Materials serves customers across global markets through a portfolio that includes Solstice refrigerants and blowing agents, Aclar specialty pharmaceutical films, and Spectra high-performance fibers.