Solid State (LON:SOLI) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Solid State plc (LON:SOLI) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 929.05 ($11.68) and traded as low as GBX 125 ($1.57). Solid State shares last traded at GBX 126.25 ($1.59), with a volume of 519,126 shares trading hands.

Solid State Price 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’s 50 day simple moving average is GBX 182.08 and its 200 day simple moving average is GBX 923.44. The company has a market capitalization of £71.55 million, a PE ratio of 839.00 and a beta of 1.05.

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 given a GBX 0.83 ($0.01) dividend. This represents a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, January 23rd. Solid State’s dividend payout ratio (DPR) is 2,666.67%.

Insider Activity at Solid State

In other news, insider Gary Marsh sold 40,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of GBX 240 ($3.02), for a total value of £96,000 ($120,693.99). Also, insider Matthew Thomas Richards sold 17,450 shares of Solid State stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of GBX 215 ($2.70), for a total transaction of £37,517.50 ($47,168.09). Insiders sold a total of 97,473 shares of company stock valued at $22,156,810 over the last ninety days. 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.