Solstice Advanced Mat (NASDAQ:SOLS) Hits New 1-Year High – Here’s Why

Solstice Advanced Mat (NASDAQ:SOLS) hit a new 52-week high during trading on Thursday . The company traded as high as $63.77 and last traded at $63.43, with a volume of 2139203 shares changing hands. The stock had previously closed at $61.56.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SOLS. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Wednesday, January 7th. Weiss Ratings initiated coverage on shares of Solstice Advanced Mat in a report on Thursday, January 15th. They issued a “sell (d+)” rating on the stock. Wall Street Zen downgraded Solstice Advanced Mat from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Mizuho assumed coverage on Solstice Advanced Mat in a report on Friday, October 31st. They issued a “neutral” rating and a $54.00 price objective for the company. Finally, UBS Group raised their target price on Solstice Advanced Mat from $58.00 to $61.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

Solstice Advanced Mat Price Performance

The firm has a 50-day moving average price of $50.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.93 and a current ratio of 1.53.

Hedge Funds Weigh In On Solstice Advanced Mat

A number of hedge funds have recently bought and sold shares of SOLS. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $26,000. Bernard Wealth Management Corp. acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at $58,000. Tradewinds Capital Management LLC purchased a new stake in Solstice Advanced Mat in the 4th quarter worth $89,000. PFS Partners LLC acquired a new position in Solstice Advanced Mat during the fourth quarter worth $98,000. Finally, Spirit of America Management Corp NY purchased a new position in Solstice Advanced Mat during the fourth quarter valued at $107,000.

Solstice Advanced Mat Company Profile

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.