Solid State (LON:SOLI) Reaches New 12-Month Low – Here’s What Happened

Solid State plc (LON:SOLI)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as GBX 210 ($2.72) and last traded at GBX 216 ($2.80), with a volume of 103718 shares. The stock had previously closed at GBX 225 ($2.92).

Solid State Price Performance

The stock has a market cap of £130.24 million, a price-to-earnings ratio of 1,566.00 and a beta of 1.05. The company has a 50-day simple moving average of GBX 838.32 and a two-hundred day simple moving average of GBX 1,235.65. The company has a debt-to-equity ratio of 25.82, a quick ratio of 0.98 and a current ratio of 1.92.

Insiders Place Their Bets

In related news, insider Matthew Thomas Richards sold 17,450 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 215 ($2.79), for a total transaction of £37,517.50 ($48,654.52). In related news, insider Matthew Thomas Richards sold 17,450 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 215 ($2.79), for a total transaction of £37,517.50 ($48,654.52). Also, insider Gary Marsh bought 1,499 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost of GBX 1,344 ($17.43) per share, for a total transaction of £20,146.56 ($26,127.04). Insiders have sold 100,470 shares of company stock valued at $26,157,805 in the last 90 days. 3.58% of the stock is currently owned by 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.