Solid State (LON:SOLI) Stock Passes Below 200-Day Moving Average – Should You Sell?

Solid State plc (LON:SOLI)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 196.01 ($2.57) and traded as low as GBX 145 ($1.90). Solid State shares last traded at GBX 150 ($1.96), with a volume of 108,700 shares changing hands.

Solid State Stock Down 4.8 %

The firm’s 50 day moving average is GBX 162.06 and its 200-day moving average is GBX 196.01. The firm has a market cap of £84.94 million, a PE ratio of 1.92 and a beta of 1.05. The company has a quick ratio of 0.98, a current ratio of 1.92 and a debt-to-equity ratio of 25.82.

Solid State Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 23rd were paid a dividend of GBX 0.83 ($0.01) per share. This represents a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, January 23rd. Solid State’s dividend payout ratio is presently 5.11%.

Insider Transactions at Solid State

In related news, insider Peter Owen James sold 7,212 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of GBX 125 ($1.64), for a total value of £9,015 ($11,799.74). Insiders own 3.58% of the company’s stock.

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.