Solstice Advanced Mat (NASDAQ:SOLS) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Solstice Advanced Mat (NASDAQ:SOLS)’s stock price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $59.46 and traded as high as $61.21. Solstice Advanced Mat shares last traded at $60.38, with a volume of 1,893,898 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Solstice Advanced Mat from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Wall Street Zen downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. BMO Capital Markets reiterated an “outperform” rating and set a $87.00 price target on shares of Solstice Advanced Mat in a research note on Wednesday, October 21st. Morgan Stanley lowered Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th. Finally, Truist Financial set a $75.00 price objective on Solstice Advanced Mat and gave the stock a “buy” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.30.

Solstice Advanced Mat Trading Up 1.6%

The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46. The firm has a 50 day simple moving average of $59.46 and a two-hundred day simple moving average of $69.75. The firm has a market capitalization of $9.59 billion and a P/E ratio of 34.11.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $1.15 billion during the quarter. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Equities research analysts forecast that Solstice Advanced Mat will post 2.87 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp bought a new stake in Solstice Advanced Mat in the 2nd quarter worth about $448,557,000. Bank of America Corp DE purchased a new stake in Solstice Advanced Mat in the 2nd quarter valued at about $153,615,000. Anchor Capital Advisors LLC bought a new position in shares of Solstice Advanced Mat during the 2nd quarter worth approximately $55,866,000. Alyeska Investment Group L.P. bought a new position in shares of Solstice Advanced Mat during the 2nd quarter worth approximately $49,768,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Solstice Advanced Mat during the 2nd quarter worth approximately $44,991,000.

About Solstice Advanced Mat

Solstice Advanced Materials, Inc (NASDAQ:SOLS) is a specialty materials company that develops and manufactures engineered materials and chemical technologies for industrial and commercial applications. The company was established as an independent public company following the separation of Honeywell’s Advanced Materials business.

Its portfolio includes fluorine-based products, specialty films, advanced fibers, resins, additives, and other performance materials. These products are used in areas such as refrigeration and air conditioning, healthcare and pharmaceutical packaging, electronics and semiconductors, transportation, aerospace, and protective equipment.

Solstice Advanced Materials serves customers across global markets through a portfolio that includes Solstice refrigerants and blowing agents, Aclar specialty pharmaceutical films, and Spectra high-performance fibers.