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Investment analysts at WH Ireland began coverage on shares of Solid State PLC (LON:SSP) in a note issued to investors on Wednesday, American Banking & Market News reports. The firm set a “buy” rating and a GBX 335 ($5.52) price target on the stock. WH Ireland’s price objective would indicate a potential upside of 16.32% from the stock’s previous close.

Solid State PLC (LON:SSP) traded down 0.28% during mid-day trading on Wednesday, hitting GBX 288.20. 2,142 shares of the company’s stock traded hands. Solid State PLC has a 52 week low of GBX 199.00 and a 52 week high of GBX 253.60. The stock’s 50-day moving average is GBX 279.8 and its 200-day moving average is GBX 255.3.

The company also recently announced a dividend, which is scheduled for Friday, January 31st. Shareholders of record on Wednesday, January 8th will be paid a dividend of GBX 2.75 ($0.05) per share. This represents a dividend yield of 1.04%. The ex-dividend date is Wednesday, January 8th.

Solid State PLC is engaged in manufacturing of electronic equipment and the distribution of electronic components and materials.

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