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Solid State (LON:SOLI) Trading 10.6% Higher - Time to Buy?

Solid State logo with Computer and Technology background

Solid State plc (LON:SOLI - Get Free Report) shot up 10.6% during trading on Friday . The company traded as high as GBX 135 ($1.70) and last traded at GBX 130 ($1.64). 233,606 shares were traded during mid-day trading, an increase of 141% from the average session volume of 96,768 shares. The stock had previously closed at GBX 117.50 ($1.48).

Solid State Stock Performance

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 company has a market cap of £73.91 million, a PE ratio of 853.33 and a beta of 1.05. The company's fifty day moving average price is GBX 478.39 and its 200 day moving average price is GBX 1,105.65.

Insider Transactions at Solid State

In related news, insider Gary Marsh purchased 1,499 shares of the stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average price of GBX 1,344 ($16.92) per share, with a total value of £20,146.56 ($25,363.92). Also, insider Matthew Thomas Richards sold 17,450 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of GBX 215 ($2.71), for a total transaction of £37,517.50 ($47,233.41). Over the last quarter, insiders have sold 97,473 shares of company stock valued at $22,156,810. 3.58% of the stock is currently owned by company insiders.

About Solid State

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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