Solid State (LON:SOLI) Shares Up 14.4% – Should You Buy?

Solid State plc (LON:SOLI) shares traded up 14.4% during mid-day trading on Friday . The stock traded as high as GBX 200 and last traded at GBX 199. 188,568 shares traded hands during mid-day trading, an increase of 135% from the average session volume of 80,369 shares. The stock had previously closed at GBX 174.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price target on shares of Solid State from GBX 240 to GBX 245 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 245.

Solid State Trading Up 14.4%

The stock has a market cap of £112.89 million, a P/E ratio of 47.38 and a beta of 0.82. The firm’s 50 day simple moving average is GBX 159.92 and its two-hundred day simple moving average is GBX 158.97. The company has a quick ratio of 0.98, a current ratio of 2.11 and a debt-to-equity ratio of 28.65.

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.