Solid State (LON:SOLI) Trading 10.5% Higher – Should You Buy?

Solid State plc (LON:SOLI)’s stock price traded up 10.5% during trading on Tuesday . The stock traded as high as GBX 204.45 ($2.63) and last traded at GBX 193.33 ($2.49). 205,519 shares traded hands during mid-day trading, an increase of 123% from the average session volume of 92,087 shares. The stock had previously closed at GBX 175 ($2.25).

Solid State Price Performance

The business has a 50-day simple moving average of GBX 148.18 and a 200 day simple moving average of GBX 384.09. The stock has a market cap of £109.47 million, a P/E ratio of 2.47 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 (LON:SOLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported GBX 17.70 ($0.23) EPS for the quarter. Solid State had a return on equity of 14.05% and a net margin of 5.43%. On average, analysts forecast that Solid State plc will post 13.6195996 earnings per share for the current 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 dividend of GBX 0.83 ($0.01) per share. The ex-dividend date was Thursday, January 23rd. This represents a yield of 0.69%. Solid State’s payout ratio is currently 5.11%.

Insider Activity at Solid State

In other news, insider Peter Owen James sold 7,212 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of GBX 125 ($1.61), for a total transaction of £9,015 ($11,606.80). 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.