Solid State (LON:SOLI) Insider Sells £16,910 in Stock

Solid State plc (LON:SOLI) insider Sam Smith sold 9,500 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of GBX 178, for a total value of £16,910.

Solid State Price Performance

SOLI stock opened at GBX 176.50 on Thursday. Solid State plc has a 52-week low of GBX 135 and a 52-week high of GBX 215. The stock’s fifty day simple moving average is GBX 188.55 and its 200-day simple moving average is GBX 176.94. The company has a quick ratio of 0.98, a current ratio of 2.29 and a debt-to-equity ratio of 25.35. The stock has a market capitalization of £100.13 million, a price-to-earnings ratio of 24.86 and a beta of 0.86.

Solid State (LON:SOLI) last released its earnings results on Monday, June 29th. The company reported GBX 11.10 EPS for the quarter. Solid State had a return on equity of 6.51% and a net margin of 2.65%. Equities research analysts expect that Solid State plc will post 13.6195996 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price objective on shares of Solid State from GBX 245 to GBX 275 and gave the company a “buy” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 275.

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.