Solid State (LON:SOLI) Share Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• Solid State plc's stock (LON:SOLI) has fallen below its 200-day moving average for the first time, trading at GBX 170 ($2.29) after reaching a low of GBX 163.25 ($2.20).
• The company reported a P/E ratio of 2.17, quick ratio of 0.98, and a current ratio of 1.92, indicating strong financial metrics amid its recent price decline.
• Insider Gary Marsh recently sold 21,622 shares at an average price of GBX 185, potentially signaling insider sentiment regarding the stock's value.

Solid State plc (LON:SOLI - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 172.11 ($2.32) and traded as low as GBX 163.25 ($2.20). Solid State shares last traded at GBX 170 ($2.30), with a volume of 118,292 shares trading hands.

Solid State Stock Up 0.6%

The company has a quick ratio of 0.98, a current ratio of 1.92 and a debt-to-equity ratio of 25.82. The stock has a market cap of £89.69 million, a PE ratio of 2.03 and a beta of 1.05. The business has a 50 day moving average price of GBX 183.83 and a 200 day moving average price of GBX 172.45.

Solid State (LON:SOLI - Get Free Report) last issued its earnings results on Tuesday, July 8th. The company reported GBX 6.30 ($0.09) EPS for the quarter. Solid State had a return on equity of 14.05% and a net margin of 5.43%. Equities research analysts expect that Solid State plc will post 13.6195996 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Gary Marsh sold 21,622 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of GBX 185 ($2.50), for a total value of £40,000.70 ($54,003.92). Insiders own 3.58% of the company's stock.

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.