Solid State (LON:SOLI – Get Free Report) had its target price lifted by investment analysts at Berenberg Bank from GBX 245 to GBX 275 in a note issued to investors on Monday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 27.91% from the stock’s previous close.
Solid State Trading Up 10.3%
Shares of SOLI stock opened at GBX 215 on Monday. Solid State has a 1-year low of GBX 135 and a 1-year high of GBX 215. 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 stock has a market cap of £121.97 million, a price-to-earnings ratio of 51.19 and a beta of 0.85. The stock has a 50-day moving average of GBX 177.10 and a 200-day moving average of GBX 165.28.
Solid State (LON:SOLI – Get Free Report) last posted its quarterly earnings data on Monday, June 29th. The company reported GBX 11.10 EPS for the quarter. Solid State had a return on equity of 3.91% and a net margin of 1.63%.The company had revenue of £154.14 million for the quarter. On average, equities research analysts forecast that Solid State will post 13.6195996 earnings per share for the current year.
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.
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