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

Solid State plc (LON:SOLI) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 190.16 and traded as high as GBX 196. Solid State shares last traded at GBX 190, with a volume of 35,118 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their price target on shares of Solid State from GBX 245 to GBX 275 and gave the company a “buy” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 275.

Solid State Stock Down 1.0%

The company’s 50-day moving average is GBX 190.16 and its 200 day moving average is GBX 176.34. The company has a market capitalization of £107.79 million, a PE ratio of 26.76 and a beta of 0.86. The company has a debt-to-equity ratio of 25.35, a quick ratio of 0.98 and a current ratio of 2.29.

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 net margin of 2.65% and a return on equity of 6.51%. As a group, analysts anticipate that Solid State plc will post 13.6195996 EPS 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.