Solid State (LON:SOLI) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Solid State plc (LON:SOLI) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Solid State Stock Down 0.2%

The business has a 50 day moving average of GBX 158.64 and a 200-day moving average of GBX 159.91. The stock has a market cap of £92.17 million, a PE ratio of 38.61 and a beta of 1.05. The company has a current ratio of 1.92, a quick ratio of 0.98 and a debt-to-equity ratio of 25.82.

Solid State (LON:SOLI) last issued its quarterly earnings data on Monday, December 1st. The company reported GBX 6.50 earnings per share for the quarter. Solid State had a return on equity of 14.05% and a net margin of 5.43%. Equities research analysts predict that Solid State plc will post 13.6195996 EPS for the current fiscal year.

Insiders Place Their Bets

In other Solid State news, insider Peter Owen James purchased 12,061 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of GBX 155 per share, for a total transaction of £18,694.55. 9.28% of the stock is currently owned by corporate insiders.

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.