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Solid State (LON:SOLI) Shares Cross Below 200-Day Moving Average - Time to Sell?

Solid State logo with Computer and Technology background

Key Points

  • Solid State plc shares fell below their 200-day moving average at GBX 150 ($2.02), a significant technical indicator suggesting potential selling pressure.
  • The company reported quarterly earnings of GBX 6.30 per share and has a projected EPS of approximately GBX 13.62 for the current fiscal year.
  • Solid State operates in the value-added electronics market, focusing on ruggedized computing, battery power solutions, and various critical systems used in industrial and defense applications.
  • Five stocks we like better than Solid State.

Shares of Solid State plc (LON:SOLI - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 173.75 ($2.34) and traded as low as GBX 150 ($2.02). Solid State shares last traded at GBX 150 ($2.02), with a volume of 27,307 shares changing hands.

Solid State Price Performance

The stock has a market capitalization of £87.97 million, a PE ratio of 17,250.00 and a beta of 1.05. The stock's 50 day moving average is GBX 170.56 and its two-hundred day moving average is GBX 173.97. The company has a debt-to-equity ratio of 25.82, a current ratio of 1.92 and a quick ratio of 0.98.

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

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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