Solid State (LON:SOLI) Posts Earnings Results

Solid State (LON:SOLI) posted its earnings results on Monday. The company reported GBX 6.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Solid State had a return on equity of 14.05% and a net margin of 5.43%.

Solid State Trading Down 3.4%

LON:SOLI opened at GBX 140 on Monday. The company has a 50-day moving average price of GBX 155.73 and a 200-day moving average price of GBX 167.84. The stock has a market cap of £79.58 million, a price-to-earnings ratio of 155.56 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 has a 12 month low of GBX 110 and a 12 month high of GBX 210.

Insider Buying and Selling

In other Solid State news, insider Matthew Thomas Richards sold 36,600 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of GBX 165, for a total transaction of £60,390. Also, insider Peter Owen James sold 23,700 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of GBX 155, for a total value of £36,735. In the last quarter, insiders have acquired 36,773 shares of company stock worth $5,805,562 and have sold 84,809 shares worth $13,731,867. 9.28% of the stock is currently owned by corporate 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.