Solid State (LON:SOLI) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Solid State plc (LON:SOLI)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 426.41 ($5.42) and traded as low as GBX 131.55 ($1.67). Solid State shares last traded at GBX 140 ($1.78), with a volume of 97,078 shares.

Solid State Stock 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 has a market capitalization of £79.27 million, a price-to-earnings ratio of 1.79 and a beta of 1.05. The firm has a fifty day moving average of GBX 144.47 and a 200 day moving average of GBX 426.41.

Solid State (LON:SOLI) last posted its earnings results on Tuesday, December 10th. The company reported GBX 17.70 ($0.22) earnings per share for the quarter. Solid State had a return on equity of 14.05% and a net margin of 5.43%. On average, sell-side analysts anticipate that Solid State plc will post 13.6195996 earnings per share 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 given a GBX 0.83 ($0.01) dividend. This represents a yield of 0.69%. The ex-dividend date of this dividend was Thursday, January 23rd. Solid State’s dividend payout ratio (DPR) is presently 5.11%.

Insider Activity at Solid State

In other Solid State news, insider Peter Owen James sold 7,212 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of GBX 125 ($1.59), for a total transaction of £9,015 ($11,456.35). Also, insider Matthew Thomas Richards bought 8,547 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were acquired at an average price of GBX 117 ($1.49) per share, for a total transaction of £9,999.99 ($12,708.08). 3.58% of the stock is currently owned by 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.