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

Solstice Advanced Mat (NASDAQ:SOLS)’s share price gapped down before the market opened on Monday . The stock had previously closed at $80.19, but opened at $73.39. Solstice Advanced Mat shares last traded at $70.3470, with a volume of 1,959,368 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SOLS shares. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a report on Thursday, May 14th. TD Cowen assumed coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Finally, Truist Financial began coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Solstice Advanced Mat presently has an average rating of “Hold” and a consensus target price of $89.50.

Solstice Advanced Mat Stock Performance

The business has a 50-day simple moving average of $83.21 and a 200 day simple moving average of $73.23. The firm has a market cap of $10.91 billion and a PE ratio of 76.90. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $991.00 million for the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Equities research analysts forecast that Solstice Advanced Mat will post 2.64 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is currently 33.71%.

Institutional Investors Weigh In On Solstice Advanced Mat

Institutional investors and hedge funds have recently bought and sold shares of the business. Associated Banc Corp raised its stake in Solstice Advanced Mat by 10.1% during the 1st quarter. Associated Banc Corp now owns 7,113 shares of the company’s stock valued at $542,000 after purchasing an additional 654 shares during the period. Carnegie Investment Counsel purchased a new stake in Solstice Advanced Mat during the 1st quarter valued at approximately $2,628,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Solstice Advanced Mat by 6.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,775 shares of the company’s stock valued at $3,182,000 after buying an additional 2,480 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new position in shares of Solstice Advanced Mat in the first quarter worth $685,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Solstice Advanced Mat by 38.5% in the first quarter. Fifth Third Bancorp now owns 126,175 shares of the company’s stock worth $9,609,000 after buying an additional 35,102 shares in the last quarter.

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.