Solid State (LON:SOLI) Trading Up 15.5% - Here's What Happened

Shares of Solid State plc (LON:SOLI - Get Free Report) traded up 15.5% during trading on Wednesday . The company traded as high as GBX 197 ($2.61) and last traded at GBX 193.50 ($2.57). 100,748 shares were traded during trading, an increase of 19% from the average session volume of 84,437 shares. The stock had previously closed at GBX 167.50 ($2.22).

Solid State Trading Up 1.3 %

The stock has a fifty day moving average of GBX 168.54 and a 200 day moving average of GBX 161.24. The company has a market capitalization of £109.00 million, a P/E ratio of 2.46 and a beta of 1.05. The company has a debt-to-equity ratio of 25.82, a quick ratio of 0.98 and a current ratio of 1.92.

Solid State Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 23rd were given a GBX 0.83 ($0.01) dividend. The ex-dividend date was Thursday, January 23rd. This represents a dividend yield of 0.69%. Solid State's dividend payout ratio is currently 5.11%.

Insider Activity

In related news, insider Peter Owen James sold 7,212 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of GBX 125 ($1.66), for a total value of £9,015 ($11,962.58). Corporate insiders own 3.58% of the company's stock.

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.