Solstice Advanced Mat (NASDAQ:SOLS) Stock Price Up 11% – Should You Buy?

Solstice Advanced Mat (NASDAQ:SOLS)’s stock price rose 11% during trading on Wednesday . The company traded as high as $49.70 and last traded at $48.47. Approximately 3,246,591 shares were traded during trading, a decline of 49% from the average daily volume of 6,331,756 shares. The stock had previously closed at $43.65.

Analyst Upgrades and Downgrades

SOLS has been the subject of several recent analyst reports. Mizuho initiated coverage on shares of Solstice Advanced Mat in a research note on Friday, October 31st. They issued a “neutral” rating and a $54.00 target price for the company. UBS Group initiated coverage on Solstice Advanced Mat in a research report on Monday. They issued a “buy” rating and a $62.00 price objective for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Solstice Advanced Mat Stock Performance

The company has a market cap of $7.54 billion and a PE ratio of -136,911.76.

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.