Solid State (LON:SOLI) Stock Passes Above 50-Day Moving Average – Here’s Why

Solid State plc (LON:SOLI)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 160.77 and traded as high as GBX 161. Solid State shares last traded at GBX 157.56, with a volume of 67,269 shares changing hands.

Solid State Price Performance

The firm has a market cap of £90.77 million, a P/E ratio of 38.10 and a beta of 1.05. 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’s 50-day simple moving average is GBX 160.77 and its two-hundred day simple moving average is GBX 158.91.

Solid State (LON:SOLI) last issued its quarterly earnings results on Monday, December 1st. The company reported GBX 6.50 EPS for the quarter. Solid State had a net margin of 5.43% and a return on equity of 14.05%. Equities research analysts forecast that Solid State plc will post 13.6195996 earnings per share for the current fiscal year.

About Solid State

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.