Solid State (LON:SOLI) Stock Passes Above 50-Day Moving Average – Here’s Why

Shares of Solid State plc (LON:SOLI) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 165.57 ($2.22) and traded as high as GBX 170 ($2.28). Solid State shares last traded at GBX 169 ($2.27), with a volume of 42,162 shares trading hands.

Solid State Stock Performance

The company has a quick ratio of 0.98, a current ratio of 1.92 and a debt-to-equity ratio of 25.82. The stock has a fifty day moving average price of GBX 165.90 and a 200-day moving average price of GBX 163.19. The firm has a market cap of £107.90 million, a price-to-earnings ratio of 2.44 and a beta of 1.05.

Solid State Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Peter Owen James sold 7,212 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of GBX 125 ($1.68), for a total transaction of £9,015 ($12,090.93). 3.58% of the stock is owned by 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.