Solid State (LON:SOLI) Stock: Insider Matthew Thomas Richards Sells 36,000 Shares

Key Points

• Insider transaction: Matthew Thomas Richards sold 36,000 Solid State shares at GBX 165 each, worth £59,400. On the same day, he also bought 12,043 shares and sold another 12,000 shares.
• Stock performance: Solid State shares fell to GBX 163, with trading volume above average. The stock has traded between GBX 135 and GBX 215 over the past year and has a market capitalization of approximately £92.47 million.
• Analyst outlook: Berenberg raised its price target from GBX 245 to GBX 275 and maintained a “Buy” rating; the overall analyst consensus is also “Buy.”

Solid State plc (LON:SOLI - Get Free Report) insider Matthew Thomas Richards sold 36,000 shares of Solid State stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of GBX 165, for a total transaction of £59,400.

Matthew Thomas Richards also recently made the following trade(s):

• On Monday, October 5th, Matthew Thomas Richards acquired 12,043 shares of Solid State stock. The shares were acquired at an average cost of GBX 166 per share, with a total value of £19,991.38.
• On Monday, October 5th, Matthew Thomas Richards sold 12,000 shares of Solid State stock. The shares were sold at an average price of GBX 165, for a total value of £19,800.

Solid State Stock Performance

Shares of SOLI stock traded down GBX 3 during trading hours on Tuesday, reaching GBX 163. 129,195 shares of the company's stock were exchanged, compared to its average volume of 100,099. Solid State plc has a fifty-two week low of GBX 135 and a fifty-two week 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 stock has a market capitalization of £92.47 million, a P/E ratio of 22.96 and a beta of 0.86. The business has a fifty day moving average price of GBX 181.77 and a 200-day moving average price of GBX 177.29.

Analyst Ratings Changes

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

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