Solid State (LON:SOLI) Issues Quarterly Earnings Results

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

Solid State Stock Up 5.9%

Shares of LON SOLI opened at GBX 206.50 on Monday. Solid State has a 52-week low of GBX 135 and a 52-week high of GBX 215. The company has a debt-to-equity ratio of 28.65, a quick ratio of 0.98 and a current ratio of 2.11. The business has a fifty day moving average of GBX 177.10 and a two-hundred day moving average of GBX 165.28. The stock has a market cap of £117.15 million, a PE ratio of 49.17 and a beta of 0.85.

Analyst Ratings Changes

Separately, Berenberg Bank lifted their price objective on Solid State from GBX 245 to GBX 275 and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average 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.