Synectics (LON:SNX) Stock Rating Reaffirmed by Shore Capital

Shore Capital reiterated their house stock rating on shares of Synectics (LON:SNX) in a research note released on Wednesday morning, Marketbeat reports.

Synectics Stock Performance

Synectics stock opened at GBX 190 ($2.35) on Wednesday. The firm has a 50 day simple moving average of GBX 179.88 and a 200-day simple moving average of GBX 148.22. Synectics has a 1-year low of GBX 92.40 ($1.14) and a 1-year high of GBX 200 ($2.47). The company has a debt-to-equity ratio of 4.99, a current ratio of 1.96 and a quick ratio of 1.42. The stock has a market cap of £33.80 million, a price-to-earnings ratio of 1,461.54 and a beta of 0.64.

Synectics Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, April 11th will be paid a GBX 3 ($0.04) dividend. This is a boost from Synectics’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 1.62%. Synectics’s dividend payout ratio is 2,307.69%.

Insider Activity

In related news, insider Andrew Lockwood acquired 8,659 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were purchased at an average cost of GBX 174 ($2.15) per share, for a total transaction of £15,066.66 ($18,610.00). Corporate insiders own 57.30% of the company’s stock.

Synectics Company Profile

Synectics plc engages in the design, integration, and support of security and surveillance systems in the United Kingdom and internationally. It operates through two segments: Systems and Security. The Systems segment provides specialist electronic surveillance systems comprising Synergy, a security and surveillance software platform; and radiometrics-enabled COEX explosion-proof cameras for gaming, transport, critical infrastructure, public space, and oil and gas applications.