Solid State (LON:SOLI) Shares Cross Below 200 Day Moving Average – Should You Sell?

Shares of Solid State plc (LON:SOLIGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,298.84 ($16.96) and traded as low as GBX 230 ($3.00). Solid State shares last traded at GBX 232.50 ($3.04), with a volume of 231,414 shares.

Solid State Price Performance

The stock has a market capitalization of £132.18 million, a PE ratio of 1,550.00 and a beta of 1.05. The company has a debt-to-equity ratio of 25.82, a current ratio of 1.92 and a quick ratio of 0.98. The firm’s 50 day simple moving average is GBX 1,023.23 and its 200 day simple moving average is GBX 1,298.49.

Insider Buying and Selling

In other Solid State news, insider Gary Marsh sold 2,997 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of GBX 1,335 ($17.43), for a total transaction of £40,009.95 ($52,245.95). 3.58% of the stock is owned by corporate insiders.

About Solid State

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Solid State plc, together with its subsidiaries, designs, manufactures, and supplies electronic equipment in the United Kingdom, rest of Europe, Asia, North America, and internationally. It also supplies electronic components and materials. The company operates through Components and Systems divisions.

Further Reading

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