Shares of Solid State plc (LON:SOLI - Get Free Report) rose 10.5% on Tuesday . The company traded as high as GBX 204.45 ($2.64) and last traded at GBX 193.33 ($2.50). Approximately 205,519 shares changed hands during mid-day trading, an increase of 123% from the average daily volume of 92,087 shares. The stock had previously closed at GBX 175 ($2.26).
Solid State Stock Performance
The firm has a market capitalization of £116.08 million, a P/E ratio of 2.62 and a beta of 1.05. The stock has a fifty day simple moving average of GBX 152.08 and a two-hundred day simple moving average of GBX 373.44. The company has a debt-to-equity ratio of 25.82, a current ratio of 1.92 and a quick ratio of 0.98.
Solid State (LON:SOLI - Get Free Report) last released its quarterly earnings data on Tuesday, December 10th. The company reported GBX 17.70 ($0.23) EPS for the quarter. Solid State had a return on equity of 14.05% and a net margin of 5.43%. On average, research analysts predict that Solid State plc will post 13.6195996 EPS for the current year.
Solid State Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 23rd were issued a dividend of GBX 0.83 ($0.01) per share. The ex-dividend date was Thursday, January 23rd. This represents a dividend yield of 0.69%. Solid State's dividend payout ratio is 5.11%.
Insider Activity
In related news, insider Peter Owen James sold 7,212 shares of Solid State stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of GBX 125 ($1.62), for a total transaction of £9,015 ($11,660.85). Corporate insiders own 3.58% of the company's stock.
About Solid State
(
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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.
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