Solstice Advanced Mat (NASDAQ:SOLS) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Solstice Advanced Mat (NASDAQ:SOLS) passed 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.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SOLS. UBS Group decreased their price target on shares of Solstice Advanced Mat from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Seaport Research Partners assumed coverage on shares of Solstice Advanced Mat in a research report on Wednesday, October 7th. They issued a “buy” rating and a $80.00 price objective for the company. Morgan Stanley cut shares of Solstice Advanced Mat to a “buy” rating in a research report on Monday, July 13th. Truist Financial set a $75.00 price objective on Solstice Advanced Mat and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Weiss Ratings lowered Solstice Advanced Mat from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.30.

Solstice Advanced Mat Stock Up 0.4%

The firm’s 50 day moving average price is $59.53 and its 200-day moving average price is $69.86. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30. The company has a market cap of $10.05 billion and a P/E ratio of 35.73.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The firm had revenue of $1.15 billion for 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. As a group, equities research analysts expect that Solstice Advanced Mat will post 2.87 EPS for the current year.

Hedge Funds Weigh In On Solstice Advanced Mat

Several hedge funds have recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Solstice Advanced Mat by 274.1% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 41,900 shares of the company’s stock valued at $2,360,000 after acquiring an additional 30,700 shares during the period. BOKF NA grew its holdings in Solstice Advanced Mat by 27.7% during the third quarter. BOKF NA now owns 27,481 shares of the company’s stock valued at $1,548,000 after purchasing an additional 5,966 shares during the period. Laurel Wealth Advisors LLC bought a new stake in Solstice Advanced Mat in the third quarter valued at approximately $83,000. MADDEN SECURITIES Corp bought a new stake in Solstice Advanced Mat in the third quarter valued at approximately $78,000. Finally, WD Rutherford LLC increased its stake in Solstice Advanced Mat by 43.9% in the third quarter. WD Rutherford LLC now owns 14,890 shares of the company’s stock valued at $839,000 after purchasing an additional 4,542 shares in the last quarter.

Solstice Advanced Mat Company Profile

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.