Synectics (LON:SNX) Shares Up 16.1% – Here’s Why

Synectics plc (LON:SNX)’s stock price was up 16.1% during trading on Monday . The stock traded as high as GBX 358 ($4.56) and last traded at GBX 357.75 ($4.56). Approximately 168,981 shares changed hands during mid-day trading, an increase of 246% from the average daily volume of 48,777 shares. The stock had previously closed at GBX 308.10 ($3.93).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of Synectics in a report on Thursday.

Synectics Stock Performance

The company has a debt-to-equity ratio of 4.04, a quick ratio of 1.42 and a current ratio of 2.02. The business’s 50-day moving average is GBX 284.62 and its 200 day moving average is GBX 224.44. The company has a market cap of £63.88 million, a PE ratio of 1,716.67 and a beta of 0.69.

Synectics Company Profile

Synectics plc engages in the design, integration, and support of security and surveillance systems in the United Kingdom and internationally. It operates through two segments: Systems and Security. The Systems segment provides specialist electronic surveillance systems comprising Synergy, a security and surveillance software platform; and radiometrics-enabled COEX explosion-proof cameras for gaming, transport, critical infrastructure, public space, and oil and gas applications.