Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) saw unusually large options trading activity on Wednesday. Stock traders purchased 15,206 put options on the stock. This represents an increase of 638% compared to the average daily volume of 2,061 put options.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Solstice Advanced Mat from a "sell" rating to a "hold" rating in a report on Sunday. Weiss Ratings raised Solstice Advanced Mat from a "sell (d+)" rating to a "hold (c)" rating in a research report on Monday, February 23rd. Mizuho set a $80.00 price objective on Solstice Advanced Mat in a research note on Friday, February 13th. UBS Group cut Solstice Advanced Mat from a "buy" rating to a "neutral" rating and set a $87.00 price objective on the stock. in a research note on Monday, April 13th. Finally, Zacks Research raised Solstice Advanced Mat to a "hold" rating in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $67.00.
Get Our Latest Stock Report on SOLS
Solstice Advanced Mat Stock Performance
Shares of NASDAQ:SOLS traded down $5.24 during trading on Wednesday, hitting $78.32. The company's stock had a trading volume of 1,902,581 shares, compared to its average volume of 2,794,130. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 1.50. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $84.99. The firm's 50-day simple moving average is $77.33. The stock has a market capitalization of $12.44 billion and a P/E ratio of 299.90.
Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities analysts predict that Solstice Advanced Mat will post 2.66 earnings per share for the current fiscal year.
Solstice Advanced Mat Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat's payout ratio is 115.38%.
Institutional Trading of Solstice Advanced Mat
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $893,275,000. State Street Corp bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $245,276,000. Morgan Stanley bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $195,151,000. Madison Avenue Partners LP acquired a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $135,172,000. Finally, UBS Group AG acquired a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $130,269,000.
Solstice Advanced Mat Company Profile
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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.
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