Solid State (LON:SOLI) Shares Up 10.5% – What’s Next?

Solid State plc (LON:SOLI)’s share price rose 10.5% during mid-day trading on Tuesday . The stock traded as high as GBX 204.45 ($2.63) and last traded at GBX 193.33 ($2.49). Approximately 205,519 shares traded 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 ($2.25).

Solid State Stock Performance

The stock has a market capitalization of £109.47 million, a PE ratio of 2.47 and a beta of 1.05. The business’s 50 day moving average is GBX 148.18 and its 200 day moving average is GBX 384.09. The company has a current ratio of 1.92, a quick ratio of 0.98 and a debt-to-equity ratio of 25.82.

Solid State (LON:SOLI) last posted its quarterly earnings results on Tuesday, December 10th. The company reported GBX 17.70 ($0.23) EPS for the quarter. Solid State had a net margin of 5.43% and a return on equity of 14.05%. On average, equities research analysts predict that Solid State plc will post 13.6195996 earnings per share for the current fiscal year.

Solid State Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 23rd were issued a GBX 0.83 ($0.01) dividend. The ex-dividend date was Thursday, January 23rd. This represents a dividend yield of 0.69%. Solid State’s dividend payout ratio is presently 5.11%.

Insider Activity

In other news, insider Peter Owen James sold 7,212 shares of Solid State stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of GBX 125 ($1.61), for a total transaction of £9,015 ($11,606.80). Company 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.