Solid State (LON:SOLI) Shares Pass Above Fifty Day Moving Average – What’s Next?

Solid State plc (LON:SOLI)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 164.84 and traded as high as GBX 186.84. Solid State shares last traded at GBX 180, with a volume of 102,255 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price target 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, Solid State has a consensus rating of “Buy” and a consensus price target of GBX 245.

Solid State Stock Down 2.7%

The company has a debt-to-equity ratio of 28.65, a quick ratio of 0.98 and a current ratio of 2.11. The company has a market capitalization of £102.12 million, a PE ratio of 42.86 and a beta of 0.82. The company’s fifty day moving average is GBX 164.84 and its 200-day moving average is GBX 160.73.

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.