Solid State (LON:SOLI) Trading Up 9.3% – Should You Buy?

Solid State plc (LON:SOLI) shares rose 9.3% during mid-day trading on Tuesday . The stock traded as high as GBX 159 ($2.02) and last traded at GBX 153 ($1.94). Approximately 175,691 shares changed hands during mid-day trading, an increase of 110% from the average daily volume of 83,681 shares. The stock had previously closed at GBX 140 ($1.78).

Solid State Price Performance

The company’s 50 day moving average price is GBX 144.47 and its 200-day moving average price is GBX 426.41. The company has a market cap of £86.64 million, a price-to-earnings ratio of 1.96 and a beta of 1.05. The company has a debt-to-equity ratio of 25.82, a quick ratio of 0.98 and a current ratio of 1.92.

Solid State (LON:SOLI) last announced 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%. On average, equities research analysts forecast that Solid State plc will post 13.6195996 earnings per share for the current fiscal year.

Solid State Cuts Dividend

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

Insider Transactions at Solid State

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