Solid State (LON:SOLI) Insider Sells £16,910 in Stock

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

Solid State Trading Down 0.9%

Shares of Solid State stock opened at GBX 171 on Friday. The firm’s 50-day moving average price is GBX 187.52 and its two-hundred day moving average price is GBX 176.90. The company has a market capitalization of £97.01 million, a price-to-earnings ratio of 24.08 and a beta of 0.86. Solid State plc has a 12-month low of GBX 135 and a 12-month high of GBX 215. The company has a quick ratio of 0.98, a current ratio of 2.29 and a debt-to-equity ratio of 25.35.

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

Analyst Ratings Changes

Separately, Berenberg Bank increased their price target on shares of Solid State from GBX 245 to GBX 275 and gave the company 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, Solid State has an average rating of “Buy” and an average price target 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.