Solstice Advanced Mat (NASDAQ:SOLS) Shares Gap Down – Time to Sell?

Solstice Advanced Mat (NASDAQ:SOLS) gapped down before the market opened on Thursday . The stock had previously closed at $84.48, but opened at $80.94. Solstice Advanced Mat shares last traded at $80.0420, with a volume of 251,277 shares trading hands.

Wall Street Analysts Forecast Growth

SOLS has been the topic of several research analyst reports. UBS Group boosted their price target on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research report on Thursday, May 14th. Finally, Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $73.60.

Solstice Advanced Mat Trading Up 3.0%

The firm has a market cap of $12.98 billion and a PE ratio of 91.87. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The stock’s fifty day simple moving average is $79.00 and its two-hundred day simple moving average is $65.14.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, sell-side analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Institutional Investors Weigh In On Solstice Advanced Mat

A number of hedge funds and other institutional investors have recently bought and sold shares of SOLS. Ferguson Wellman Capital Management Inc. purchased a new stake in Solstice Advanced Mat in the fourth quarter worth about $2,259,000. Parsons Capital Management Inc. RI purchased a new stake in Solstice Advanced Mat in the fourth quarter worth about $625,000. JFS Wealth Advisors LLC purchased a new stake in Solstice Advanced Mat in the fourth quarter worth about $121,000. Pathway Financial Advisors LLC purchased a new stake in Solstice Advanced Mat in the fourth quarter worth about $337,000. Finally, Tradewinds Capital Management LLC purchased a new stake in Solstice Advanced Mat in the fourth quarter worth about $89,000.

About Solstice Advanced Mat

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.