Synectics (LON:SNX) Shares Cross Below 200 Day Moving Average – Here’s Why

Shares of Synectics plc (LON:SNX) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 240.26 and traded as low as GBX 190. Synectics shares last traded at GBX 190, with a volume of 40,825 shares traded.

Synectics Trading Down 2.2%

The firm has a market cap of £31.97 million, a P/E ratio of 8.75 and a beta of 0.64. The business’s 50-day moving average is GBX 200.10 and its two-hundred day moving average is GBX 240.26. The company has a debt-to-equity ratio of 3.78, a current ratio of 2.06 and a quick ratio of 1.42.

Synectics (LON:SNX) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 28.30 EPS for the quarter. Synectics had a net margin of 5.44% and a return on equity of 8.48%. As a group, analysts predict that Synectics plc will post 1560.0001173 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Amanda Larnder purchased 7,245 shares of the stock in a transaction on Monday, March 9th. The shares were purchased at an average price of GBX 171 per share, with a total value of £12,388.95. Also, insider Paul Williams acquired 5,574 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were bought at an average price of GBX 179 per share, for a total transaction of £9,977.46. Over the last quarter, insiders have purchased 22,819 shares of company stock worth $4,086,641. Corporate insiders own 22.80% of the company’s stock.

About Synectics

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.