Key Points
- Insider sale: Solid State insider Sam Smith sold 9,500 shares at an average of GBX 178, totaling £16,910.
- Stock profile: Shares opened at GBX 172.41, with a market capitalization of £97.81 million, a P/E ratio of 24.28, and a 12-month trading range of GBX 135 to GBX 215.
- Analyst outlook: Berenberg raised its price target from GBX 245 to GBX 275 and maintained a “Buy” rating; the stock has an average analyst rating of “Buy” and a GBX 275 target price.
Solid State plc (LON:SOLI - Get Free Report) insider Sam Smith sold 9,500 shares of the company's stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of GBX 178, for a total value of £16,910.
Solid State Stock Performance
Shares of LON SOLI opened at GBX 172.41 on Friday. The company has a current ratio of 2.29, a quick ratio of 0.98 and a debt-to-equity ratio of 25.35. The company has a market capitalization of £97.81 million, a P/E ratio of 24.28 and a beta of 0.86. Solid State plc has a 12 month low of GBX 135 and a 12 month high of GBX 215. The stock has a 50 day moving average of GBX 188 and a 200-day moving average of GBX 176.95.
Solid State (LON:SOLI - Get Free Report) last posted its quarterly earnings results on Monday, June 29th. The company reported GBX 11.10 earnings per share for the quarter. Solid State had a return on equity of 6.51% and a net margin of 2.65%. As a group, equities research analysts predict that Solid State plc will post 13.6195996 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Berenberg Bank increased their price objective 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, Solid State presently has an average rating of "Buy" and an average target price of GBX 275.
Check Out Our Latest Report on SOLI
About Solid State
(
Get Free Report)
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.
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