Solid State (LON:SOLI) Trading Up 10.6% – Still a Buy?

Solid State plc (LON:SOLIGet Free Report)’s stock price was up 10.6% during trading on Friday . The company traded as high as GBX 135 ($1.69) and last traded at GBX 130 ($1.63). Approximately 233,606 shares changed hands during mid-day trading, an increase of 141% from the average daily volume of 96,768 shares. The stock had previously closed at GBX 117.50 ($1.47).

Solid State Price Performance

The company has a debt-to-equity ratio of 25.82, a current ratio of 1.92 and a quick ratio of 0.98. The stock’s 50 day moving average price is GBX 456.81 and its two-hundred day moving average price is GBX 1,097. The firm has a market capitalization of £75.33 million, a price-to-earnings ratio of 883.33 and a beta of 1.05.

Insider Buying and Selling

In related news, insider Peter Owen James sold 40,023 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of GBX 220 ($2.76), for a total transaction of £88,050.60 ($110,380.59). Also, insider Matthew Thomas Richards sold 17,450 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of GBX 215 ($2.70), for a total transaction of £37,517.50 ($47,032.09). Insiders have sold 97,473 shares of company stock worth $22,156,810 in the last quarter. 3.58% of the stock is currently owned by company insiders.

Solid State Company Profile

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Solid State plc, together with its subsidiaries, designs, manufactures, and supplies electronic equipment in the United Kingdom, rest of Europe, Asia, North America, and internationally. It also supplies electronic components and materials. The company operates through Components and Systems divisions.

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