Solid State (LON:SOLI) Reaches New 12-Month High After Dividend Announcement

Shares of Solid State PLC (LON:SOLI) hit a new 52-week high on Wednesday following a dividend announcement from the company. The company traded as high as GBX 567.80 ($7.42) and last traded at GBX 540 ($7.06), with a volume of 23808 shares. The stock had previously closed at GBX 517.50 ($6.76).

The newly announced dividend which will be paid on Friday, February 14th. Investors of record on Thursday, January 23rd will be given a dividend of GBX 5.25 ($0.07) per share. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, January 23rd. Solid State’s payout ratio is currently 0.39%.

Separately, FinnCap reiterated a “corporate” rating on shares of Solid State in a research note on Tuesday.

The firm has a market capitalization of $46.94 million and a PE ratio of 17.59. The company’s 50-day simple moving average is GBX 480.21 and its 200 day simple moving average is GBX 471.90. The company has a quick ratio of 1.18, a current ratio of 2.05 and a debt-to-equity ratio of 28.47.

About Solid State (LON:SOLI)

Solid State PLC manufactures and sells electronic equipment; and distributes electronic components and materials. It is involved in the design, development, and supply of rugged and industrial computers, portable power and energy storage solutions, advanced communication systems, antennas, and high bandwidth video transmission products.

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