Solid State (LON:SOLI) Insider Sells 36,000 Shares of Stock

Solid State plc (LON:SOLI) insider Matthew Thomas Richards sold 36,000 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of GBX 165, for a total transaction of £59,400.

Matthew Thomas Richards also recently made the following trade(s):

• On Monday, October 5th, Matthew Thomas Richards bought 12,043 shares of Solid State stock. The stock was acquired at an average cost of GBX 166 per share, for a total transaction of £19,991.38.
• On Monday, October 5th, Matthew Thomas Richards sold 12,000 shares of Solid State stock. The shares were sold at an average price of GBX 165, for a total value of £19,800.

Solid State Price Performance

Shares of SOLI stock traded down GBX 3 during trading hours on Tuesday, hitting GBX 163. 129,195 shares of the company’s stock were exchanged, compared to its average volume of 100,099. The stock’s 50-day moving average is GBX 181.77 and its 200-day moving average is GBX 177.29. The stock has a market cap of £92.47 million, a price-to-earnings ratio of 22.96 and a beta of 0.86. The company has a debt-to-equity ratio of 25.35, a current ratio of 2.29 and a quick ratio of 0.98. Solid State plc has a 52 week low of GBX 135 and a 52 week high of GBX 215.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised their price target on Solid State from GBX 245 to GBX 275 and gave the stock a “buy” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 275.

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.