Solid State (LON:SOLI) Share Price Passes Above 50-Day Moving Average - Here's What Happened

Shares of Solid State plc (LON:SOLI - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 176.04 ($2.39) and traded as high as GBX 194.80 ($2.64). Solid State shares last traded at GBX 190 ($2.57), with a volume of 75,050 shares changing hands.

Solid State Trading Down 0.8%

The stock's 50 day moving average price is GBX 177.61 and its 200-day moving average price is GBX 159.70. 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 capitalization of £105.32 million, a PE ratio of 2.38 and a beta of 1.05.

Insider Buying and Selling

In other Solid State news, insider Gary Marsh sold 21,622 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of GBX 185 ($2.51), for a total transaction of £40,000.70 ($54,194.15). 3.58% of the stock is owned by company insiders.

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.