Solid State (LON:SOLI) Stock Price Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• Technical move: Shares crossed above the 50-day moving average (GBX 156.48), trading as high as GBX 170 and last at GBX 163 on volume of 47,555 shares.
• Analyst upgrade: Berenberg raised its price objective to GBX 245 and gave a "buy" rating, and MarketBeat shows a consensus rating of "Buy" with a GBX 245 target.
• Key financials: Market cap £92.47M, P/E 38.81, debt-to-equity 28.65, current ratio 2.11 and quick ratio 0.98, with a beta of 0.76.

Solid State plc (LON:SOLI - Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 156.48 and traded as high as GBX 170. Solid State shares last traded at GBX 163, with a volume of 47,555 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their price objective on shares of Solid State from GBX 240 to GBX 245 and gave the company a "buy" rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Solid State currently has an average rating of "Buy" and a consensus price target of GBX 245.

Solid State Price Performance

The company has a debt-to-equity ratio of 28.65, a quick ratio of 0.98 and a current ratio of 2.11. The stock's 50-day moving average is GBX 156.48 and its 200 day moving average is GBX 156.91. The stock has a market capitalization of £92.47 million, a PE ratio of 38.81 and a beta of 0.76.

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.

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