Solid State (LON:SOLI) Issues Quarterly Earnings Results

Solid State (LON:SOLI) issued its quarterly earnings data on Monday. The company reported GBX 11.10 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The business had revenue of £154.14 million for the quarter. Solid State had a return on equity of 3.91% and a net margin of 1.63%.

Solid State Price Performance

SOLI stock opened at GBX 205 on Tuesday. Solid State has a 12 month low of GBX 135 and a 12 month high of GBX 215. The company has a 50-day moving average price of GBX 178.07 and a 200 day moving average price of GBX 165.58. The stock has a market cap of £116.30 million, a PE ratio of 48.81 and a beta of 0.85. The company has a current ratio of 2.11, a quick ratio of 0.98 and a debt-to-equity ratio of 28.65.

Analyst Ratings Changes

Separately, Berenberg Bank boosted their target price on Solid State from GBX 245 to GBX 275 and gave the company a “buy” rating in a research report on Monday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 275.

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.