Solid State (LON:SOLI) Reaches New 52-Week High Following Analyst Upgrade

Solid State plc (LON:SOLI) hit a new 52-week high on Monday after Berenberg Bank raised their price target on the stock from GBX 245 to GBX 275. Berenberg Bank currently has a buy rating on the stock. Solid State traded as high as GBX 215 and last traded at GBX 205, with a volume of 595003 shares. The stock had previously closed at GBX 195.

Solid State Stock Performance

The stock’s 50-day moving average is GBX 177.10 and its 200 day moving average is GBX 165.28. The stock has a market cap of £116.30 million, a price-to-earnings ratio of 48.81 and a beta of 0.85. The company has a debt-to-equity ratio of 28.65, a current ratio of 2.11 and a quick ratio of 0.98.

Solid State (LON:SOLI) last issued its earnings results on Monday, June 29th. The company reported GBX 11.10 earnings per share (EPS) for the quarter. The business had revenue of £154.14 million during the quarter. Solid State had a return on equity of 3.91% and a net margin of 1.63%. As a group, analysts predict that Solid State plc will post 13.6195996 earnings per share for the current fiscal year.

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.