Solid State (LON:SOLI) Reaches New 52-Week High at $1,474.25

Solid State plc (LON:SOLI) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 1,474.25 ($18.63) and last traded at GBX 1,325 ($16.74), with a volume of 62342 shares trading hands. The stock had previously closed at GBX 1,395 ($17.63).

Solid State Trading Up 1.5 %

The business has a 50-day moving average of GBX 1,286.82 and a 200-day moving average of GBX 1,276.03. The company has a quick ratio of 0.98, a current ratio of 2.04 and a debt-to-equity ratio of 23.54. The stock has a market cap of £152.52 million, a price-to-earnings ratio of 2,037.88 and a beta of 1.11.

Solid State Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 16th. Stockholders of record on Thursday, January 25th were paid a GBX 7 ($0.09) dividend. The ex-dividend date of this dividend was Thursday, January 25th. This represents a dividend yield of 0.53%. Solid State’s payout ratio is presently 3,181.82%.

About Solid State

Solid State plc, together with its subsidiaries, designs and manufactures electronic equipment and supplies the value added electronic components and materials in the United Kingdom, rest of Europe, Asia, North America, and internationally. It operates through Components and Systems divisions. The Components division provides owed brand manufactured components, franchised components, and the provision of value-added services, such as sourcing and obsolescence management.