Solid State (LON:SOLI) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Solid State plc (LON:SOLI) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Solid State Price Performance

The firm has a market capitalization of £86.49 million, a price-to-earnings ratio of 1.95 and a beta of 1.05. The stock’s 50-day moving average price is GBX 142.76 and its 200 day moving average price is GBX 485.90. The company has a quick ratio of 0.98, a current ratio of 1.92 and a debt-to-equity ratio of 25.82.

Solid State (LON:SOLI) last released its quarterly earnings data 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%. Equities research analysts expect that Solid State plc will post 13.6195996 earnings per share for the current fiscal year.

Solid State Cuts Dividend

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

Insider Buying and Selling

In related news, insider Matthew Thomas Richards purchased 8,547 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was acquired at an average cost 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 Solid State stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of GBX 125 ($1.58), for a total transaction of £9,015 ($11,389.77). 3.58% of the stock is owned by company insiders.

About Solid State

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.