Solid State (LON:SOLI) Stock Passes Above 50-Day Moving Average – Time to Sell?

Shares of Solid State plc (LON:SOLI) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 139.17 ($1.75) and traded as high as GBX 159 ($2.00). Solid State shares last traded at GBX 150 ($1.89), with a volume of 46,469 shares changing hands.

Solid State Price Performance

The company has a market capitalization of £84.51 million, a PE ratio of 1.91 and a beta of 1.05. The firm has a fifty day moving average of GBX 139.71 and a two-hundred day moving average of GBX 544.39. The company has a current ratio of 1.92, a quick ratio of 0.98 and a debt-to-equity ratio of 25.82.

Solid State (LON:SOLI) last issued its earnings results on Tuesday, December 10th. The company reported GBX 17.70 ($0.22) earnings per share for the quarter. Solid State had a return on equity of 14.05% and a net margin of 5.43%. Research analysts anticipate that Solid State plc will post 13.6195996 EPS for the current fiscal year.

Solid State Cuts Dividend

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

Insider Activity at Solid State

In other Solid State news, insider Matthew Thomas Richards purchased 8,547 shares of the stock in a transaction on Tuesday, December 10th. The stock was acquired at an average price of GBX 117 ($1.47) per share, with a total value of £9,999.99 ($12,586.52). Also, insider Peter Owen James sold 7,212 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of GBX 125 ($1.57), for a total value of £9,015 ($11,346.76). 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.