Solid State (LON:SOLI) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Solid State plc (LON:SOLI)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 294.07 ($3.79) and traded as low as GBX 170 ($2.19). Solid State shares last traded at GBX 170 ($2.19), with a volume of 32,541 shares trading hands.

Solid State Stock Down 4.2 %

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 business has a 50 day simple moving average of GBX 158.67 and a 200-day simple moving average of GBX 294.07. The firm has a market capitalization of £96.26 million, a price-to-earnings ratio of 2.17 and a beta of 1.05.

Solid State Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 23rd were given a dividend of GBX 0.83 ($0.01) per share. This represents a yield of 0.69%. The ex-dividend date of this dividend was Thursday, January 23rd. Solid State’s payout ratio is currently 5.11%.

Insider Buying and Selling at Solid State

In related news, insider Peter Owen James sold 7,212 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of GBX 125 ($1.61), for a total transaction of £9,015 ($11,606.80). 3.58% of the stock is currently owned by company insiders.

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.