Solid State (LON:SOLI) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Solid State plc (LON:SOLI) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 170.74 and traded as low as GBX 136.56. Solid State shares last traded at GBX 136.68, with a volume of 79,682 shares trading hands.

Solid State Stock Performance

The firm has a fifty day moving average of GBX 158.58 and a 200 day moving average of GBX 170.74. The firm has a market capitalization of £79.58 million, a PE ratio of 155.56 and a beta of 1.05. The company has a debt-to-equity ratio of 25.82, a quick ratio of 0.98 and a current ratio of 1.92.

Insiders Place Their Bets

In related news, insider Peter Owen James sold 23,700 shares of Solid State stock in a transaction on Thursday, October 30th. The shares were sold at an average price of GBX 155, for a total transaction of £36,735. Also, insider Matthew Thomas Richards sold 36,600 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of GBX 165, for a total transaction of £60,390. Over the last three months, insiders have bought 36,773 shares of company stock worth $5,805,562 and have sold 84,809 shares worth $13,731,867. Insiders own 9.28% of the company’s stock.

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.