Shore Capital Reaffirms “House Stock” Rating for Synectics (LON:SNX)

Shore Capital reissued their house stock rating on shares of Synectics (LON:SNX) in a research note published on Wednesday, Marketbeat.com reports.

Synectics Price Performance

Shares of LON SNX opened at GBX 190 ($2.35) on Wednesday. The company has a 50 day simple moving average of GBX 179.88 and a 200 day simple moving average of GBX 148.22. The firm has a market cap of £33.80 million, a PE ratio of 1,461.54 and a beta of 0.64. Synectics has a 1 year low of GBX 92.40 ($1.14) and a 1 year high of GBX 200 ($2.47). The company has a debt-to-equity ratio of 4.99, a current ratio of 1.96 and a quick ratio of 1.42.

Synectics Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, April 11th will be issued a dividend of GBX 3 ($0.04) per share. This is a positive change from Synectics’s previous dividend of $2.00. The ex-dividend date is Thursday, April 11th. This represents a yield of 1.62%. Synectics’s dividend payout ratio (DPR) is presently 2,307.69%.

Insiders Place Their Bets

In other news, insider Andrew Lockwood purchased 8,659 shares of the stock in a transaction on Monday, March 25th. The stock was purchased at an average price of GBX 174 ($2.15) per share, for a total transaction of £15,066.66 ($18,610.00). Company insiders own 57.30% of the company’s stock.

About Synectics

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.