Solid State (LON:SOLI) Stock: Insider Peter Owen James Sells 23,176 Shares

Solid State plc (LON:SOLI) insider Peter Owen James sold 23,176 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of GBX 164, for a total value of £38,008.64.

Peter Owen James also recently made the following trade(s):

• On Monday, October 5th, Peter Owen James acquired 11,932 shares of Solid State stock. The stock was purchased at an average price of GBX 167 per share, with a total value of £19,926.44.
• On Monday, October 5th, Peter Owen James bought 12,043 shares of Solid State stock. The shares were purchased at an average cost of GBX 166 per share, with a total value of £19,991.38.
• On Monday, October 5th, Peter Owen James purchased 5,399 shares of Solid State stock. The stock was acquired at an average price of GBX 167 per share, for a total transaction of £9,016.33.
• On Monday, October 5th, Peter Owen James purchased 5,409 shares of Solid State stock. The shares were acquired at an average cost of GBX 166 per share, with a total value of £8,978.94.
• On Tuesday, October 6th, Peter Owen James purchased 225 shares of Solid State stock. The shares were acquired at an average cost of GBX 166 per share, with a total value of £373.50.
• On Tuesday, October 6th, Peter Owen James acquired 220 shares of Solid State stock. The stock was acquired at an average cost of GBX 166 per share, for a total transaction of £365.20.
• On Monday, October 5th, Peter Owen James sold 12,050 shares of Solid State stock. The shares were sold at an average price of GBX 166, for a total transaction of £20,003.

Solid State Stock Performance

LON SOLI traded down GBX 3 on Tuesday, reaching GBX 163. 129,195 shares of the company’s stock traded hands, compared to its average volume of 100,099. Solid State plc has a fifty-two week low of GBX 135 and a fifty-two week high of GBX 215. The company has a debt-to-equity ratio of 25.35, a quick ratio of 0.98 and a current ratio of 2.29. The firm has a market cap of £92.47 million, a price-to-earnings ratio of 22.96 and a beta of 0.86. The stock has a 50 day moving average price of GBX 181.77 and a 200-day moving average price of GBX 177.29.

Analyst Ratings Changes

Separately, Berenberg Bank lifted their price target on Solid State from GBX 245 to GBX 275 and gave the company a “buy” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Solid State has an average rating of “Buy” and a consensus price target 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.