Solid State (LON:SOLI) Announces Earnings Results

Solid State (LON:SOLI) announced its earnings results on Monday. The company reported GBX 11.10 earnings per share for the quarter, Digital Look Earnings reports. Solid State had a net margin of 2.65% and a return on equity of 6.51%. The business had revenue of £154.14 million for the quarter.

Solid State Stock Performance

LON SOLI opened at GBX 204.20 on Wednesday. The company has a 50-day simple moving average of GBX 179.02 and a two-hundred day simple moving average of GBX 165.93. The company has a quick ratio of 0.98, a current ratio of 2.29 and a debt-to-equity ratio of 25.35. Solid State has a 12-month low of GBX 135 and a 12-month high of GBX 215. The firm has a market cap of £115.84 million, a price-to-earnings ratio of 48.62 and a beta of 0.56.

Analyst Ratings Changes

Separately, Berenberg Bank increased their price target on shares of Solid State from GBX 245 to GBX 275 and gave the stock a “buy” rating in a report on Monday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 275.

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.