Solid State (LON:SOLI) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Solid State (LON:SOLI) had its price objective upped by analysts at Berenberg Bank from GBX 245 to GBX 275 in a research note issued to investors on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 27.91% from the company’s current price.

Solid State Stock Up 10.3%

Shares of SOLI opened at GBX 215 on Monday. The company has a debt-to-equity ratio of 28.65, a quick ratio of 0.98 and a current ratio of 2.11. Solid State has a 52 week low of GBX 135 and a 52 week high of GBX 215. The stock has a market capitalization of £121.97 million, a price-to-earnings ratio of 51.19 and a beta of 0.85. The stock has a fifty day moving average of GBX 177.10 and a 200-day moving average of GBX 165.28.

Solid State (LON:SOLI) last issued its earnings results on Monday, June 29th. The company reported GBX 11.10 earnings per share (EPS) for the quarter. Solid State had a return on equity of 3.91% and a net margin of 1.63%.The business had revenue of £154.14 million during the quarter. As a group, sell-side analysts anticipate that Solid State will post 13.6195996 earnings per share for the current fiscal 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.