Solid State (LON:SOLI) Shares Cross Below 200-Day Moving Average – Time to Sell?

Solid State plc (LON:SOLI)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 335.38 ($4.35) and traded as low as GBX 200 ($2.59). Solid State shares last traded at GBX 205.91 ($2.67), with a volume of 128,887 shares traded.

Solid State Trading Down 8.5 %

The stock has a market cap of £106.17 million, a PE ratio of 2.40 and a beta of 1.05. The company has a debt-to-equity ratio of 25.82, a quick ratio of 0.98 and a current ratio of 1.92. The business has a 50-day moving average of GBX 156.19 and a 200 day moving average of GBX 334.45.

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 was Thursday, January 23rd. Solid State’s dividend payout ratio is presently 5.11%.

Insider Activity

In other news, insider Peter Owen James sold 7,212 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of GBX 125 ($1.62), for a total transaction of £9,015 ($11,689.57). Company insiders own 3.58% of the company’s stock.

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.