Solid State (LON:SOLI) Reaches New 12-Month Low – Here’s What Happened

Solid State plc (LON:SOLI) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 210 ($2.72) and last traded at GBX 216 ($2.80), with a volume of 103718 shares changing hands. The stock had previously closed at GBX 225 ($2.92).

Solid State Price Performance

The company has a 50 day moving average of GBX 838.32 and a 200-day moving average of GBX 1,235.65. The firm has a market capitalization of £130.24 million, a P/E ratio of 1,566.00 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.

Insider Activity at Solid State

In other news, insider Peter Owen James sold 40,023 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of GBX 220 ($2.85), for a total transaction of £88,050.60 ($114,188.30). In other news, insider Peter Owen James sold 40,023 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of GBX 220 ($2.85), for a total transaction of £88,050.60 ($114,188.30). Also, insider Gary Marsh sold 2,997 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of GBX 1,335 ($17.31), for a total value of £40,009.95 ($51,886.85). Insiders sold 100,470 shares of company stock worth $26,157,805 in the last ninety days. 3.58% of the stock is owned by company insiders.

About Solid State

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.