Solid State (LON:SOLI) Shares Cross Above Fifty Day Moving Average – What’s Next?

Solid State plc (LON:SOLIGet Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 146.73 ($1.80) and traded as high as GBX 160.10 ($1.96). Solid State shares last traded at GBX 156.25 ($1.91), with a volume of 65,138 shares trading hands.

Solid State Price Performance

The company has a debt-to-equity ratio of 25.82, a quick ratio of 0.98 and a current ratio of 1.92. The company has a market cap of £88.83 million, a P/E ratio of 1,041.67 and a beta of 1.05. The firm’s fifty day moving average is GBX 146.73 and its two-hundred day moving average is GBX 746.91.

Solid State Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 23rd will be given a dividend of GBX 0.83 ($0.01) per share. This represents a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, January 23rd. Solid State’s dividend payout ratio is currently 2,666.67%.

Insider Buying and Selling

In related news, insider Matthew Thomas Richards purchased 8,547 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were acquired at an average price of GBX 117 ($1.43) per share, for a total transaction of £9,999.99 ($12,236.89). Also, insider Gary Marsh sold 40,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of GBX 240 ($2.94), for a total value of £96,000 ($117,474.30). In the last three months, insiders have sold 97,473 shares of company stock valued at $22,156,810. Corporate insiders own 3.58% of the company’s stock.

About Solid State

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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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