Solid State (LON:SOLI) Hits New 1-Year Low - Here's Why

Solid State plc (LON:SOLI - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 210 ($2.72) and last traded at GBX 216 ($2.80), with a volume of 103718 shares trading hands. The stock had previously closed at GBX 225 ($2.92).

Solid State Trading Down 4.4 %

The company has a current ratio of 1.92, a quick ratio of 0.98 and a debt-to-equity ratio of 25.82. The business has a 50 day moving average of GBX 883.82 and a 200-day moving average of GBX 1,250.63. The firm has a market capitalization of £122.23 million, a P/E ratio of 1,440.00 and a beta of 1.05.

Insider Buying and Selling

In other news, insider Gary Marsh purchased 1,499 shares of Solid State stock in a transaction on Tuesday, August 27th. The stock was purchased at an average price of GBX 1,344 ($17.43) per share, with a total value of £20,146.56 ($26,127.04). In related news, insider Gary Marsh purchased 1,499 shares of Solid State stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of GBX 1,344 ($17.43) per share, with a total value of £20,146.56 ($26,127.04). Also, insider Peter Owen James sold 40,023 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of GBX 220 ($2.85), for a total value of £88,050.60 ($114,188.30). Insiders have sold a total of 83,020 shares of company stock worth $22,406,055 over the last ninety days. Company insiders own 3.58% of the company's stock.

About Solid State

Solid State plc, together with its subsidiaries, designs, manufactures, and supplies electronic equipment in the United Kingdom, rest of Europe, Asia, North America, and internationally. It also supplies electronic components and materials. The company operates through Components and Systems divisions.