Solid State (LON:SOLI) Sets New 1-Year Low at $232.20

Solid State plc (LON:SOLI) reached a new 52-week low on Wednesday . The company traded as low as GBX 232.20 ($3.11) and last traded at GBX 261.55 ($3.50), with a volume of 122634 shares trading hands. The stock had previously closed at GBX 1,175 ($15.72).

Solid State Trading Down 77.7 %

The company has a 50 day moving average of GBX 1,321.82 and a 200 day moving average of GBX 1,399.74. The firm has a market cap of £29.74 million, a price-to-earnings ratio of 346.53 and a beta of 1.05. The company has a current ratio of 1.92, a quick ratio of 0.98 and a debt-to-equity ratio of 25.82.

Solid State Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a dividend of GBX 14.50 ($0.19) per share. This represents a dividend yield of 0.95%. The ex-dividend date was Thursday, September 5th. This is a boost from Solid State’s previous dividend of $7.00. Solid State’s payout ratio is 2,894.74%.

Insider Activity at Solid State

In related news, insider Gary Marsh bought 1,499 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of GBX 1,344 ($17.98) per share, for a total transaction of £20,146.56 ($26,948.31). In other Solid State news, insider John Macmichael sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of GBX 1,420 ($18.99), for a total transaction of £426,000 ($569,823.43). Also, insider Gary Marsh acquired 1,499 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was bought at an average cost of GBX 1,344 ($17.98) per share, with a total value of £20,146.56 ($26,948.31). 16.47% of the stock is owned by insiders.

Solid State Company Profile

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.