Solid State (LON:SOLI) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Solid State plc's shares fell below their 200-day moving average of GBX 174.48, trading as low as GBX 161.50, indicating potential volatility in stock performance.
• The company recently reported a GBX 6.30 EPS for the last quarter, with analysts forecasting an annual EPS of approximately 13.62.
• Solid State operates mainly in commercial, industrial, and defence markets, focusing on durable electronics for critical applications in challenging environments.

Solid State plc (LON:SOLI - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 174.48 ($2.35) and traded as low as GBX 161.50 ($2.18). Solid State shares last traded at GBX 170.10 ($2.29), with a volume of 120,104 shares trading hands.

Solid State Stock Up 3.1%

The business has a 50-day simple moving average of GBX 163.08 and a two-hundred day simple moving average of GBX 174.58. The stock has a market capitalization of £96.38 million, a P/E ratio of 18,900.00 and a beta of 1.05. The company has a quick ratio of 0.98, a current ratio of 1.92 and a debt-to-equity ratio of 25.82.

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

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.