Solitron Devices (OTCMKTS:SODI) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Solitron Devices, Inc. (OTCMKTS:SODI) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $24.83 and traded as low as $22.00. Solitron Devices shares last traded at $22.30, with a volume of 3,943 shares trading hands.

Solitron Devices Trading Down 0.5%

The company has a fifty day simple moving average of $24.83 and a two-hundred day simple moving average of $23.06.

Solitron Devices (OTCMKTS:SODI) last posted its earnings results on Thursday, May 28th. The company reported $0.34 earnings per share for the quarter. The company had revenue of $5.26 million for the quarter.

About Solitron Devices

Solitron Devices, Inc is a U.S.-based manufacturer and supplier of high-reliability semiconductor components and power-conversion modules. The company specializes in the design, development and marketing of discrete diodes, rectifiers, transient voltage suppressors, power MOSFETs, and integrated circuits tailored for demanding applications. Solitron’s product portfolio also includes solid-state relays, custom power modules, and protection devices engineered to meet stringent performance and reliability standards.

The company’s offerings are widely used in sectors such as aerospace and defense, industrial automation, medical instrumentation, telecommunications, and power management.