Solid State (LON:SOLI) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Solid State plc (LON:SOLI) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 150.54 and traded as high as GBX 159.70. Solid State shares last traded at GBX 156.03, with a volume of 48,421 shares traded.

Solid State Trading Down 2.5%

The company has a fifty day moving average of GBX 150.54 and a 200-day moving average of GBX 163.37. The company has a market capitalization of £88.69 million, a price-to-earnings ratio of 37.15 and a beta of 1.05. The company has a current ratio of 1.92, a quick ratio of 0.98 and a debt-to-equity ratio of 25.82.

Solid State (LON:SOLI) last released its quarterly earnings results on Monday, December 1st. The company reported GBX 6.50 earnings per share (EPS) for the quarter. Solid State had a return on equity of 14.05% and a net margin of 5.43%. As a group, equities research analysts anticipate that Solid State plc will post 13.6195996 earnings per share for the current fiscal year.

Insider Buying and Selling at Solid State

In other Solid State news, insider Peter Owen James purchased 12,061 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of GBX 155 per share, for a total transaction of £18,694.55. Also, insider Matthew Thomas Richards sold 12,200 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of GBX 165, for a total transaction of £20,130. In the last quarter, insiders purchased 36,773 shares of company stock valued at $5,805,562 and sold 84,809 shares valued at $13,731,867. 9.28% of the stock is owned by corporate insiders.

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.