Solid State (LON:SOLI) Insider Buys £373.50 in Stock

Solid State plc (LON:SOLI) insider Peter Owen James bought 225 shares of Solid State stock in a transaction that occurred on Tuesday, October 6th. The stock was purchased at an average price of GBX 166 per share, for a total transaction of £373.50.

Peter Owen James also recently made the following trade(s):

• On Monday, October 5th, Peter Owen James purchased 11,932 shares of Solid State stock. The shares were purchased at an average price of GBX 167 per share, with a total value of £19,926.44.
• On Monday, October 5th, Peter Owen James acquired 12,043 shares of Solid State stock. The stock was purchased at an average price of GBX 166 per share, for a total transaction of £19,991.38.
• On Monday, October 5th, Peter Owen James bought 5,399 shares of Solid State stock. The shares were purchased at an average price of GBX 167 per share, with a total value of £9,016.33.
• On Monday, October 5th, Peter Owen James bought 5,409 shares of Solid State stock. The shares were acquired at an average cost of GBX 166 per share, with a total value of £8,978.94.
• On Tuesday, October 6th, Peter Owen James purchased 220 shares of Solid State stock. The stock was acquired at an average price of GBX 166 per share, for a total transaction of £365.20.
• On Monday, October 5th, Peter Owen James sold 23,176 shares of Solid State stock. The shares were sold at an average price of GBX 164, for a total transaction of £38,008.64.
• On Monday, October 5th, Peter Owen James sold 12,050 shares of Solid State stock. The stock was sold at an average price of GBX 166, for a total transaction of £20,003.

Solid State Trading Down 1.8%

Shares of Solid State stock traded down GBX 3 during trading hours on Tuesday, hitting GBX 163. The company’s stock had a trading volume of 129,195 shares, compared to its average volume of 100,099. The business has a fifty day moving average of GBX 181.77 and a 200 day moving average of GBX 177.29. Solid State plc has a 1-year low of GBX 135 and a 1-year high of GBX 215. 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 company has a market capitalization of £92.47 million, a PE ratio of 22.96 and a beta of 0.86.

Analysts Set New Price Targets

Separately, Berenberg Bank raised their price objective on Solid State from GBX 245 to GBX 275 and gave the company a “buy” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company 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.