Solid State (LON:SOLI) Stock Passes Above 50-Day Moving Average – Time to Sell?

Solid State plc (LON:SOLI) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 156.36 and traded as high as GBX 160. Solid State shares last traded at GBX 158.50, with a volume of 56,124 shares.

Solid State Stock Down 0.9%

The firm’s 50 day simple moving average is GBX 156.36 and its 200-day simple moving average is GBX 160.81. The company has a current ratio of 1.92, a quick ratio of 0.98 and a debt-to-equity ratio of 25.82. The stock has a market capitalization of £90.15 million, a price-to-earnings ratio of 37.76 and a beta of 1.05.

Solid State (LON:SOLI) last posted its quarterly earnings data on Monday, December 1st. The company reported GBX 6.50 EPS for the quarter. Solid State had a net margin of 5.43% and a return on equity of 14.05%. Equities analysts expect that Solid State plc will post 13.6195996 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Peter Owen James acquired 12,061 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of GBX 155 per share, with a total value of £18,694.55. Also, insider Matthew Thomas Richards sold 12,200 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of GBX 165, for a total transaction of £20,130. In the last quarter, insiders have bought 36,773 shares of company stock worth $5,805,562 and have sold 84,809 shares worth $13,731,867. Corporate insiders own 9.28% of the company’s stock.

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.