Solstice Advanced Mat (NASDAQ:SOLS) Reaches New 1-Year High – Here’s Why

Solstice Advanced Mat (NASDAQ:SOLS) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $66.14 and last traded at $65.67, with a volume of 96969 shares trading hands. The stock had previously closed at $64.39.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SOLS. Mizuho started coverage on shares of Solstice Advanced Mat in a research report on Friday, October 31st. They set a “neutral” rating and a $54.00 price objective for the company. Royal Bank Of Canada upgraded Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. Weiss Ratings began coverage on Solstice Advanced Mat in a research report on Thursday, January 15th. They set a “sell (d+)” rating for the company. Zacks Research raised shares of Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Finally, UBS Group set a $75.00 target price on shares of Solstice Advanced Mat in a research note on Thursday. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Solstice Advanced Mat currently has a consensus rating of “Hold” and a consensus target price of $59.40.

Solstice Advanced Mat Stock Performance

The company’s 50-day simple moving average is $52.73. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On Solstice Advanced Mat

Institutional investors have recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. purchased a new stake in Solstice Advanced Mat in the fourth quarter worth $26,000. Hoey Investments Inc. bought a new position in shares of Solstice Advanced Mat during the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Solstice Advanced Mat in the 4th quarter worth about $27,000. JNBA Financial Advisors purchased a new stake in Solstice Advanced Mat in the 4th quarter worth about $29,000. Finally, Horizon Investments LLC bought a new stake in Solstice Advanced Mat in the 4th quarter valued at about $31,000.

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.