Solid State (LON:SOLI) Shares Pass 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 Tuesday . The stock has a two hundred day moving average of GBX 335.38 ($4.36) and traded as low as GBX 200 ($2.60). Solid State shares last traded at GBX 205.91 ($2.68), with a volume of 128,887 shares trading hands.

Solid State Price Performance

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 firm has a market cap of £116.60 million, a price-to-earnings ratio of 2.63 and a beta of 1.05. The stock’s 50 day simple moving average is GBX 155.41 and its 200-day simple moving average is GBX 335.38.

Solid State Cuts Dividend

The business 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. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a yield of 0.69%. Solid State’s payout ratio is 5.11%.

Insider Buying and Selling at Solid State

In other news, insider Peter Owen James sold 7,212 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of GBX 125 ($1.63), for a total value of £9,015 ($11,719.97). 3.58% of the stock is currently owned by company 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.