Insider Selling: Solid State (LON:SOLI) Insider Sells 9,500 Shares

Solid State plc (LON:SOLI) insider Sam Smith sold 9,500 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of GBX 178, for a total transaction of £16,910.

Solid State Stock Performance

LON:SOLI opened at GBX 176.50 on Thursday. The company has a current ratio of 2.29, a quick ratio of 0.98 and a debt-to-equity ratio of 25.35. The company has a market capitalization of £100.13 million, a P/E ratio of 24.86 and a beta of 0.86. The firm has a 50-day moving average price of GBX 188.55 and a two-hundred day moving average price of GBX 176.94. Solid State plc has a twelve month low of GBX 135 and a twelve month high of GBX 215.

Solid State (LON:SOLI) last announced its quarterly earnings results on Monday, June 29th. The company reported GBX 11.10 earnings per share (EPS) for the quarter. Solid State had a net margin of 2.65% and a return on equity of 6.51%. As a group, research analysts expect that Solid State plc will post 13.6195996 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Berenberg Bank raised their price target on Solid State from GBX 245 to GBX 275 and gave the stock a “buy” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company 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.