Solid State (LON:SOLI) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Solid State plc (LON:SOLI)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 172.99 and traded as high as GBX 175. Solid State shares last traded at GBX 173, with a volume of 29,834 shares trading hands.

Solid State Stock Up 2.4%

The company’s fifty day simple moving average is GBX 174.09 and its 200-day simple moving average is GBX 173. The firm has a market capitalization of £99.11 million, a PE ratio of 24.51 and a beta of 0.86. The company has a debt-to-equity ratio of 25.35, a current ratio of 2.29 and a quick ratio of 0.98.

Insider Transactions at Solid State

In other Solid State news, insider Peter Owen James purchased 225 shares of the company’s stock in a transaction dated Tuesday, October 6th. The shares were acquired at an average price of GBX 166 per share, for a total transaction of £373.50. Also, insider Matthew Thomas Richards sold 12,000 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of GBX 165, for a total transaction of £19,800. Over the last quarter, insiders acquired 47,271 shares of company stock valued at $7,864,317 and sold 92,726 shares valued at $15,412,164. Company insiders own 9.46% of the company’s stock.

Solid State Company Profile

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.