Solid State (LON:SOLI) Stock Passes Above 50 Day Moving Average – Should You Sell?

Solid State plc (LON:SOLI)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 161.35 and traded as high as GBX 165. Solid State shares last traded at GBX 164.40, with a volume of 63,765 shares traded.

Solid State Stock Up 0.2%

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 stock has a market capitalization of £93.27 million, a price-to-earnings ratio of 39.14 and a beta of 1.05. The firm’s fifty day moving average is GBX 161.35 and its 200-day moving average is GBX 158.18.

Solid State (LON:SOLI) last released its earnings results on Monday, December 1st. The company reported GBX 6.50 earnings per share for the quarter. Solid State had a net margin of 5.43% and a return on equity of 14.05%. On average, sell-side analysts predict that Solid State plc will post 13.6195996 earnings per share for the current year.

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.