Solid State (LON:SOLI) Reaches New 12-Month High – What’s Next?

Shares of Solid State plc (LON:SOLI) hit a new 52-week high during trading on Monday . The company traded as high as GBX 215 and last traded at GBX 203, with a volume of 250381 shares trading hands. The stock had previously closed at GBX 200.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price objective on shares of Solid State from GBX 240 to GBX 245 and gave the company a “buy” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Solid State presently has an average rating of “Buy” and an average price target of GBX 245.

Solid State Stock Up 1.5%

The stock has a market cap of £115.16 million, a P/E ratio of 48.33 and a beta of 0.85. The firm has a 50 day simple moving average of GBX 172.81 and a 200-day simple moving average of GBX 163.81. The company has a quick ratio of 0.98, a current ratio of 2.11 and a debt-to-equity ratio of 28.65.

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.