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Solid State (LON:SOLI) Stock Passes Above Fifty Day Moving Average - Here's What Happened

Solid State logo with Computer and Technology background

Solid State plc (LON:SOLI - Get Free Report)'s stock price passed 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 ($2.58), with a volume of 75,050 shares trading hands.

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 company has a market cap of £105.32 million, a PE ratio of 2.38 and a beta of 1.05. The stock has a 50-day simple moving average of GBX 177.61 and a 200 day simple moving average of GBX 159.53.

Insider Buying and Selling at Solid State

In related news, insider Gary Marsh purchased 10,802 shares of Solid State stock in a transaction on Thursday, May 15th. The shares were bought at an average price of GBX 185 ($2.51) per share, with a total value of £19,983.70 ($27,133.33). Company insiders own 3.58% of the company's stock.

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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