Solid State (LON:SOLI) Trading Up 17% After Analyst Upgrade

Shares of Solid State plc (LON:SOLI) were up 17% during mid-day trading on Wednesday after Berenberg Bank raised their price target on the stock from GBX 240 to GBX 245. Berenberg Bank currently has a buy rating on the stock. Solid State traded as high as GBX 165 and last traded at GBX 163.15. Approximately 229,814 shares were traded during mid-day trading, an increase of 172% from the average daily volume of 84,452 shares. The stock had previously closed at GBX 139.50.

Solid State Trading Down 0.1%

The company’s fifty day moving average price is GBX 156.72 and its two-hundred day moving average price is GBX 157.70. The company has a current ratio of 2.11, a quick ratio of 0.98 and a debt-to-equity ratio of 28.65. The firm has a market cap of £90.71 million, a P/E ratio of 38.07 and a beta of 0.67.

About Solid State

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.