Solid State (LON:SOLI) Releases Earnings Results

Solid State (LON:SOLI) posted its quarterly earnings results on Monday. The company reported GBX 11.10 EPS for the quarter, Digital Look Earnings reports. Solid State had a return on equity of 6.51% and a net margin of 2.65%.

Solid State Trading Down 4.4%

LON SOLI traded down GBX 9 during trading hours on Friday, hitting GBX 196. 103,439 shares of the company’s stock were exchanged, compared to its average volume of 90,745. The firm has a market cap of £111.19 million, a price-to-earnings ratio of 46.67 and a beta of 0.85. The stock has a 50-day simple moving average of GBX 181.59 and a 200 day simple moving average of GBX 166.82. The company has a current ratio of 2.29, a quick ratio of 0.98 and a debt-to-equity ratio of 25.35. Solid State has a 1-year low of GBX 135 and a 1-year high of GBX 215.

Wall Street Analysts Forecast Growth

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

Solid State Company Profile

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.