Solid State (LON:SOLI) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Solid State plc (LON:SOLI)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 150.54 and traded as high as GBX 159.70. Solid State shares last traded at GBX 156.03, with a volume of 48,421 shares changing hands.

Solid State Price Performance

The firm has a 50 day moving average of GBX 150.54 and a 200-day moving average of GBX 163.22. The company has a current ratio of 1.92, a quick ratio of 0.98 and a debt-to-equity ratio of 25.82. The company has a market cap of £88.69 million, a P/E ratio of 37.15 and a beta of 1.05.

Solid State (LON:SOLI) last posted its quarterly earnings results on Monday, December 1st. The company reported GBX 6.50 earnings per share for the quarter. Solid State had a return on equity of 14.05% and a net margin of 5.43%. On average, equities research analysts predict that Solid State plc will post 13.6195996 EPS for the current year.

Insiders Place Their Bets

In other news, insider Peter Owen James bought 12,061 shares of Solid State stock in a transaction dated Monday, November 3rd. The shares were purchased at an average cost of GBX 155 per share, with a total value of £18,694.55. Also, insider Matthew Thomas Richards sold 12,200 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of GBX 165, for a total value of £20,130. Over the last quarter, insiders acquired 36,773 shares of company stock worth $5,805,562 and sold 84,809 shares worth $13,731,867. Insiders own 9.28% of the company’s stock.

Solid State Company Profile

Solid State plc (AIM:SOLI) is a leading value-added electronics group supplying commercial, industrial and defence markets with durable components, assemblies and manufactured systems for use in critical applications, with a particular emphasis on harsh operational environments. Solid State’s products are found around the world, from the ocean floor to the edge of space, ensuring the smooth operation of systems that augment our everyday lives.

The company has a core focus on industrial and ruggedised computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components & displays.

Operating through two divisions (systems and components) the group thrives on complex engineering challenges, often requiring design-in support and component sourcing.