Solid State (LON:SOLI) Announces Quarterly Earnings Results

Solid State (LON:SOLI) issued its quarterly earnings data on Monday. The company reported GBX 11.10 EPS for the quarter, Digital Look Earnings reports. The business had revenue of £154.14 million during the quarter. Solid State had a net margin of 1.63% and a return on equity of 3.91%.

Solid State Price Performance

SOLI stock opened at GBX 202.55 on Monday. Solid State has a 12-month low of GBX 135 and a 12-month high of GBX 215. The company has a market cap of £114.91 million, a price-to-earnings ratio of 48.23 and a beta of 0.85. The firm has a 50 day moving average of GBX 177.10 and a 200-day moving average of GBX 165.28. The company has a current ratio of 2.11, a quick ratio of 0.98 and a debt-to-equity ratio of 28.65.

Wall Street Analysts Forecast Growth

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