Solid State (LON:SOLI) Stock Passes Above 50 Day Moving Average – Should You Sell?

Solid State plc (LON:SOLI) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 158.64 and traded as high as GBX 165. Solid State shares last traded at GBX 160.24, with a volume of 113,236 shares traded.

Solid State Stock Up 0.3%

The firm has a 50 day moving average of GBX 159.08 and a 200 day moving average of GBX 159.76. The firm has a market cap of £92.65 million, a price-to-earnings ratio of 38.81 and a beta of 1.05. The company has a quick ratio of 0.98, a current ratio of 1.92 and a debt-to-equity ratio of 25.82.

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

Insider Activity

In other news, insider Peter Owen James purchased 12,061 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average cost of GBX 155 per share, with a total value of £18,694.55. 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.