Solid State (LON:SOLI) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Solid State plc (LON:SOLI) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 500.59 ($6.32) and traded as low as GBX 150 ($1.90). Solid State shares last traded at GBX 152.75 ($1.93), with a volume of 60,487 shares traded.

Solid State Stock Down 1.5 %

The company has a current ratio of 1.92, a quick ratio of 0.98 and a debt-to-equity ratio of 25.82. The company has a market capitalization of £86.49 million, a PE ratio of 1.95 and a beta of 1.05. The business’s 50-day simple moving average is GBX 142.30 and its 200-day simple moving average is GBX 500.59.

Solid State (LON:SOLI) last posted its quarterly earnings results on Tuesday, December 10th. The company reported GBX 17.70 ($0.22) earnings per share (EPS) for the quarter. Solid State had a net margin of 5.43% and a return on equity of 14.05%. As a group, equities research analysts anticipate that Solid State plc will post 13.6195996 EPS for the current fiscal year.

Solid State Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 23rd were paid a GBX 0.83 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a yield of 0.69%. Solid State’s dividend payout ratio is currently 5.11%.

Insider Activity at Solid State

In other news, insider Matthew Thomas Richards acquired 8,547 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were bought at an average price of GBX 117 ($1.48) per share, for a total transaction of £9,999.99 ($12,634.23). Also, insider Peter Owen James sold 7,212 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of GBX 125 ($1.58), for a total value of £9,015 ($11,389.77). 3.58% of the stock is owned by corporate insiders.

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.