Shore Capital Reaffirms “House Stock” Rating for Synectics (LON:SNX)

Shore Capital restated their house stock rating on shares of Synectics (LON:SNX) in a research note issued to investors on Wednesday morning, Marketbeat.com reports.

Synectics Trading Up 0.3 %

Shares of SNX stock opened at GBX 188 ($2.32) on Wednesday. The stock has a market cap of £33.45 million, a price-to-earnings ratio of 1,442.31 and a beta of 0.64. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 4.99. Synectics has a fifty-two week low of GBX 92.40 ($1.14) and a fifty-two week high of GBX 200 ($2.47). The firm’s 50 day moving average price is GBX 179.43 and its two-hundred day moving average price is GBX 147.38.

Synectics Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, April 11th will be given a dividend of GBX 3 ($0.04) per share. This represents a yield of 1.62%. This is a boost from Synectics’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, April 11th. Synectics’s payout ratio is 2,307.69%.

Insider Buying and Selling at Synectics

In other news, insider Andrew Lockwood bought 8,659 shares of Synectics stock in a transaction dated Monday, March 25th. The shares were acquired at an average cost of GBX 174 ($2.15) per share, with a total value of £15,066.66 ($18,610.00). 57.30% of the stock is currently owned by corporate insiders.

Synectics Company Profile

Synectics plc engages in the design, integration, and support of security and surveillance systems in the United Kingdom and internationally. It operates through two segments: Systems and Security. The Systems segment provides specialist electronic surveillance systems comprising Synergy, a security and surveillance software platform; and radiometrics-enabled COEX explosion-proof cameras for gaming, transport, critical infrastructure, public space, and oil and gas applications.