Solid State (LON:SOLI) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Solid State plc (LON:SOLI - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 640.49 ($7.97) and traded as low as GBX 136.50 ($1.70). Solid State shares last traded at GBX 139.50 ($1.74), with a volume of 49,344 shares traded.

Solid State Trading Down 0.1 %

The company has a debt-to-equity ratio of 25.82, a current ratio of 1.92 and a quick ratio of 0.98. The stock has a market capitalization of £79.53 million, a PE ratio of 932.60 and a beta of 1.05. The stock's 50 day simple moving average is GBX 137.57 and its two-hundred day simple moving average is GBX 640.49.

Solid State (LON:SOLI - Get Free Report) last posted 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 14.53% and a net margin of 5.43%. On average, sell-side analysts expect that Solid State plc will post 13.6195996 EPS for the current year.

Solid State Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Matthew Thomas Richards purchased 8,547 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average price of GBX 117 ($1.46) per share, for a total transaction of £9,999.99 ($12,450.19). Corporate insiders own 3.58% of the company's stock.

Solid State Company Profile

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.