Synectics (LON:SNX) Shares Down 10.9% – What’s Next?

Synectics plc (LON:SNX) traded down 10.9% on Wednesday . The company traded as low as GBX 245 and last traded at GBX 258.37. 94,148 shares traded hands during trading, an increase of 84% from the average session volume of 51,184 shares. The stock had previously closed at GBX 290.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “house stock” rating on shares of Synectics in a report on Thursday, October 16th.

Synectics Price Performance

The business has a fifty day simple moving average of GBX 281.64 and a 200-day simple moving average of GBX 303.12. The stock has a market capitalization of £39.40 million, a P/E ratio of 9.33 and a beta of 0.69. The company has a debt-to-equity ratio of 4.04, a quick ratio of 1.42 and a current ratio of 2.02.

Insiders Place Their Bets

In other news, insider Andrew Lockwood bought 6,664 shares of the stock in a transaction dated Wednesday, October 8th. The shares were bought at an average cost of GBX 300 per share, with a total value of £19,992. Company 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.