Solid State (LON:SOLI) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Solid State plc (LON:SOLI) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 187.87 and traded as high as GBX 200. Solid State shares last traded at GBX 192, with a volume of 41,680 shares changing hands.

Wall Street Analyst Weigh In

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

Solid State Trading Down 1.9%

The company has a debt-to-equity ratio of 25.35, a quick ratio of 0.98 and a current ratio of 2.29. The stock has a market cap of £107.16 million, a P/E ratio of 26.61 and a beta of 0.88. The stock has a 50-day moving average price of GBX 188.68 and a 200-day moving average price of GBX 170.42.

Solid State (LON:SOLI) last posted its quarterly earnings data on Monday, June 29th. The company reported GBX 11.10 earnings per share for the quarter. Solid State had a net margin of 2.65% and a return on equity of 6.51%. On average, equities research analysts expect 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.