Solid State (LON:SOLI) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Solid State plc (LON:SOLI – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 172.99 and traded as high as GBX 175. Solid State shares last traded at GBX 173, with a volume of 29,834 shares changing hands.

Solid State Price Performance

The company has a current ratio of 2.29, a quick ratio of 0.98 and a debt-to-equity ratio of 25.35. The company has a market capitalization of £98.54 million, a PE ratio of 24.37 and a beta of 0.86. The stock’s 50-day moving average is GBX 174.47 and its two-hundred day moving average is GBX 172.99.

Insider Buying and Selling at Solid State

In other news, insider Matthew Thomas Richards sold 36,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of GBX 165, for a total transaction of £59,400. Also, insider Sam Smith sold 9,500 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of GBX 178, for a total value of £16,910. Over the last 90 days, insiders acquired 47,271 shares of company stock worth $7,864,317 and sold 92,726 shares worth $15,412,164. Company insiders own 9.46% of the company’s stock.

About Solid State

(Get Free Report)

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.

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