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Solid State (LON:SOLI) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Solid State logo with Computer and Technology background

Key Points

  • Solid State plc shares fell below their 200-day moving average during trading, with the stock last priced at GBX 170 ($2.25).
  • The company reported a P/E ratio of 2.12 and a market cap of £94 million, reflecting potential investors' concerns over its financial performance.
  • Insider Gary Marsh sold 21,622 shares at an average price of GBX 185, indicating possible shifts in confidence among company executives.
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Solid State plc (LON:SOLI - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 171.54 ($2.28) and traded as low as GBX 170 ($2.26). Solid State shares last traded at GBX 170 ($2.26), with a volume of 45,887 shares.

Solid State Trading Down 3.4%

The company has a debt-to-equity ratio of 25.82, a current ratio of 1.92 and a quick ratio of 0.98. The stock's fifty day moving average price is GBX 185.29 and its 200 day moving average price is GBX 171.92. The stock has a market capitalization of £92.16 million, a P/E ratio of 2.08 and a beta of 1.05.

Solid State (LON:SOLI - Get Free Report) last issued its earnings results on Tuesday, July 8th. The company reported GBX 6.30 ($0.08) earnings per share (EPS) for the quarter. Solid State had a net margin of 5.43% and a return on equity of 14.05%. Research analysts forecast that Solid State plc will post 13.6195996 earnings per share for the current year.

Insider Activity at Solid State

In related news, insider Gary Marsh sold 21,622 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of GBX 185 ($2.46), for a total value of £40,000.70 ($53,164.14). Insiders own 3.58% of the company's stock.

About Solid State

(Get Free Report)

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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