Solid State (LON:SOLI) Stock Price Crosses Below 200 Day Moving Average - Here's Why

Shares of Solid State plc (LON:SOLI - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 294.07 ($3.80) and traded as low as GBX 170 ($2.20). Solid State shares last traded at GBX 170 ($2.20), with a volume of 32,541 shares trading hands.

Solid State Stock Performance

The stock has a market capitalization of £93.43 million, a P/E ratio of 2.11 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 stock has a 50 day simple moving average of GBX 159 and a two-hundred day simple moving average of GBX 272.28.

Solid State Cuts Dividend

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

Insider Buying and Selling

In other Solid State news, 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 ($1.62), for a total value of £9,015 ($11,656.32). 3.58% of the stock is currently 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.