Solid State (LON:SOLI) Stock Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Solid State plc's stock price has fallen below its 200-day moving average of GBX 173.78, indicating potential bearish trends in trading.
• The company reported earnings per share of GBX 6.30 for its last quarter, with analysts projecting a future EPS of approximately 13.62 for the current fiscal year.
• Solid State operates in the electronics sector, focusing on providing rugged, durable components for industries including defense and industrial markets.

Solid State plc (LON:SOLI - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 173.78 ($2.37) and traded as low as GBX 150 ($2.05). Solid State shares last traded at GBX 153.35 ($2.09), with a volume of 185,194 shares traded.

Solid State Price Performance

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 firm's 50 day simple moving average is GBX 164.21 and its 200 day simple moving average is GBX 174.31. The company has a market capitalization of £89.24 million, a PE ratio of 17,500.00 and a beta of 1.05.

Solid State (LON:SOLI - Get Free Report) last released its 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%. As a group, research analysts anticipate that Solid State plc will post 13.6195996 EPS for the current fiscal year.

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.