Synectics (LON:SNX) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Synectics plc (LON:SNX)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 277.09 and traded as low as GBX 226.55. Synectics shares last traded at GBX 235, with a volume of 36,024 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a “house stock” rating on shares of Synectics in a research note on Thursday, October 16th.

Synectics Trading Up 3.3%

The business’s 50-day simple moving average is GBX 238.04 and its 200-day simple moving average is GBX 277.09. The company has a market cap of £39.40 million, a PE ratio of 9.33 and a beta of 0.69. The company has a current ratio of 2.02, a quick ratio of 1.42 and a debt-to-equity ratio of 4.04.

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.