Solid State (LON:SOLI) Sets New 1-Year Low – Should You Sell?

Shares of Solid State plc (LON:SOLI) hit a new 52-week low on Friday . The stock traded as low as GBX 102.55 ($1.29) and last traded at GBX 135.06 ($1.70), with a volume of 1714223 shares. The stock had previously closed at GBX 212.50 ($2.68).

Solid State Price Performance

The company has a market capitalization of £78.17 million, a PE ratio of 916.67 and a beta of 1.05. 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 stock has a 50 day moving average price of GBX 566.94 and a two-hundred day moving average price of GBX 1,140.49.

Insider Activity at Solid State

In related news, insider Matthew Thomas Richards sold 17,450 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 215 ($2.71), for a total transaction of £37,517.50 ($47,281.03). Also, insider Gary Marsh sold 2,997 shares of Solid State stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of GBX 1,335 ($16.82), for a total value of £40,009.95 ($50,422.12). Over the last quarter, insiders have sold 100,470 shares of company stock valued at $26,157,805. 3.58% of the stock is currently owned by corporate insiders.

About Solid State

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.