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

Key Points

• Insider activity: Peter Owen James bought 225 Solid State shares for £373.50 at GBX 166 each, following several larger purchases and sales on October 5–6.
• Share performance: Solid State shares fell GBX 3 to GBX 163, below their 50-day and 200-day moving averages. The stock has traded between GBX 135 and GBX 215 over the past year.
• Analyst outlook: Berenberg raised its price target from GBX 245 to GBX 275 and maintained a “Buy” rating; the stock’s consensus rating is also “Buy.”

Solid State plc (LON:SOLI - Get Free Report) insider Peter Owen James bought 225 shares of the business's stock in a transaction on Tuesday, October 6th. The shares were acquired at an average price of GBX 166 per share, with a total value of £373.50.

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

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

Solid State Price Performance

Shares of SOLI traded down GBX 3 during trading hours on Tuesday, reaching GBX 163. 129,195 shares of the company traded hands, compared to its average volume of 100,099. The stock has a fifty day simple moving average of GBX 181.77 and a 200 day simple moving average of GBX 177.29. Solid State plc has a fifty-two week low of GBX 135 and a fifty-two week high of GBX 215. The stock has a market capitalization of £92.47 million, a PE ratio of 22.96 and a beta of 0.86. The company has a quick ratio of 0.98, a current ratio of 2.29 and a debt-to-equity ratio of 25.35.

Analyst Ratings Changes

Separately, Berenberg Bank raised their target price on shares of Solid State from GBX 245 to GBX 275 and gave the stock a "buy" rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.