Solid State (LON:SOLI) Shares Up 14.4% – Should You Buy?

Solid State plc (LON:SOLI)’s stock price was up 14.4% during trading on Friday . The stock traded as high as GBX 200 and last traded at GBX 199. Approximately 188,568 shares changed hands during trading, an increase of 135% from the average daily volume of 80,369 shares. The stock had previously closed at GBX 174.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their price target on Solid State from GBX 240 to GBX 245 and gave the stock a “buy” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Solid State presently has a consensus rating of “Buy” and a consensus target price of GBX 245.

Solid State Stock Performance

The firm has a market cap of £112.89 million, a price-to-earnings ratio of 47.38 and a beta of 0.82. The stock’s fifty day moving average is GBX 159.92 and its two-hundred day moving average is GBX 158.97. The company has a debt-to-equity ratio of 28.65, a quick ratio of 0.98 and a current ratio of 2.11.

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.