Synectics (LON:SNX) Share Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• Synectics plc shares fell below their 200-day moving average of GBX 314.33 ($4.22), trading as low as GBX 300 ($4.03).
• The company's debt-to-equity ratio stands at 4.04, indicating potential financial risk, while its market capitalization is approximately £50.84 million.
• Analysts predict Synectics will post an EPS of 1560.00 for the current year, despite the company's ongoing challenges reflected in a P/E ratio of 1,203.17.

Synectics plc (LON:SNX - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 314.33 ($4.22) and traded as low as GBX 300 ($4.03). Synectics shares last traded at GBX 303.99 ($4.08), with a volume of 17,486 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Synectics in a research note on Wednesday, July 16th.

Synectics Stock Down 0.6%

The company has a debt-to-equity ratio of 4.04, a current ratio of 2.02 and a quick ratio of 1.42. The firm's 50 day moving average is GBX 312.12 and its two-hundred day moving average is GBX 314.33. The firm has a market capitalization of £50.84 million, a P/E ratio of 1,203.17 and a beta of 0.69.

Synectics (LON:SNX - Get Free Report) last released its earnings results on Tuesday, July 8th. The company reported GBX 16.40 earnings per share for the quarter. Synectics had a net margin of 5.63% and a return on equity of 7.67%. Research analysts predict that Synectics plc will post 1560.0001173 EPS for the current year.

Synectics Company Profile

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.

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