Solstice Advanced Mat (NASDAQ:SOLS) Reaches New 12-Month High – Still a Buy?

Shares of Solstice Advanced Mat (NASDAQ:SOLS) hit a new 52-week high on Thursday . The stock traded as high as $63.77 and last traded at $63.43, with a volume of 2139203 shares trading hands. The stock had previously closed at $61.56.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada raised shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. Weiss Ratings began coverage on shares of Solstice Advanced Mat in a research report on Thursday, January 15th. They set a “sell (d+)” rating on the stock. Alembic Global Advisors began coverage on shares of Solstice Advanced Mat in a research note on Monday, December 1st. They issued an “overweight” rating and a $60.00 target price for the company. Wall Street Zen lowered Solstice Advanced Mat from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Finally, Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Wednesday, January 7th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $56.60.

Solstice Advanced Mat Trading Up 3.0%

The stock has a 50-day moving average of $49.59. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.93 and a current ratio of 1.53.

Hedge Funds Weigh In On Solstice Advanced Mat

Several hedge funds and other institutional investors have recently made changes to their positions in SOLS. DiNuzzo Private Wealth Inc. acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at $26,000. Bernard Wealth Management Corp. purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $58,000. Tradewinds Capital Management LLC acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $89,000. PFS Partners LLC acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $98,000. Finally, Spirit of America Management Corp NY purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $107,000.

Solstice Advanced Mat Company Profile

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.