Solid State (LON:SOLI) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Solid State plc (LON:SOLI)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 192.28 and traded as high as GBX 205. Solid State shares last traded at GBX 190.10, with a volume of 135,125 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank increased their target price on shares of Solid State from GBX 245 to GBX 275 and gave the stock a “buy” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 275.

Solid State Trading Down 1.3%

The company has a debt-to-equity ratio of 25.35, a current ratio of 2.29 and a quick ratio of 0.98. The firm has a fifty day simple moving average of GBX 192.26 and a 200-day simple moving average of GBX 174.05. The firm has a market cap of £106.09 million, a P/E ratio of 26.34 and a beta of 0.88.

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

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.