Solid State (LON:SOLI) Sets New 1-Year High – Time to Buy?

Solid State plc (LON:SOLI – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 215 and last traded at GBX 203, with a volume of 250381 shares changing hands. The stock had previously closed at GBX 200.

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their price target on shares of Solid State from GBX 240 to GBX 245 and gave the company a “buy” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 245.

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Solid State Trading Down 1.7%

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 stock has a market cap of £111.50 million, a P/E ratio of 46.80 and a beta of 0.85. The company has a 50-day simple moving average of GBX 174.51 and a 200-day simple moving average of GBX 164.42.

Solid State Company Profile

(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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