Solid State (LON:SOLI) Share Price 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 Monday . The stock has a 50-day moving average of GBX 146.73 ($1.80) and traded as high as GBX 160.10 ($1.96). Solid State shares last traded at GBX 156.25 ($1.91), with a volume of 65,138 shares traded.

Solid State Stock Down 2.0 %

The company has a market cap of £89.11 million, a PE ratio of 1,045.00 and a beta of 1.05. 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 company’s fifty day moving average is GBX 143.69 and its 200-day moving average is GBX 733.46.

Solid State Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 23rd will be issued a GBX 0.83 ($0.01) dividend. This represents a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, January 23rd. Solid State’s payout ratio is currently 2,666.67%.

Insider Activity at Solid State

In related news, insider Peter Owen James sold 40,023 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of GBX 220 ($2.69), for a total transaction of £88,050.60 ($107,773.07). Also, insider Gary Marsh sold 40,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of GBX 240 ($2.94), for a total transaction of £96,000 ($117,503.06). Over the last 90 days, insiders sold 97,473 shares of company stock worth $22,156,810. 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.