Solid State (LON:SOLI) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Solid State plc (LON:SOLIGet Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,344.96 ($17.60) and traded as low as GBX 250.13 ($3.27). Solid State shares last traded at GBX 250.75 ($3.28), with a volume of 29,524 shares.

Solid State Price Performance

The company has a debt-to-equity ratio of 25.82, a quick ratio of 0.98 and a current ratio of 1.92. The company has a market cap of £28.45 million, a P/E ratio of 329.93 and a beta of 1.05. The firm has a 50 day moving average price of GBX 1,161.16 and a two-hundred day moving average price of GBX 1,344.96.

Insiders Place Their Bets

In other Solid State news, insider Gary Marsh sold 2,997 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of GBX 1,335 ($17.47), for a total value of £40,009.95 ($52,362.19). 16.47% of the stock is owned by corporate insiders.

Solid State Company Profile

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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.

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