John Macmichael Sells 30,000 Shares of Solid State plc (LON:SOLI) Stock

Solid State plc (LON:SOLI) insider John Macmichael sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of GBX 1,420 ($18.19), for a total transaction of £426,000 ($545,664.15).

Solid State Price Performance

Solid State stock opened at GBX 1,465 ($18.77) on Friday. The company’s 50 day simple moving average is GBX 1,487.66 and its 200-day simple moving average is GBX 1,382.64. The company has a market capitalization of £166.57 million, a price-to-earnings ratio of 2,219.70 and a beta of 1.07. Solid State plc has a 1 year low of GBX 1,010 ($12.94) and a 1 year high of GBX 1,540 ($19.73). The company has a debt-to-equity ratio of 23.54, a quick ratio of 0.98 and a current ratio of 2.04.

Solid State Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be paid a GBX 14.50 ($0.19) dividend. This represents a dividend yield of 0.95%. This is an increase from Solid State’s previous dividend of $7.00. The ex-dividend date is Thursday, September 5th. Solid State’s payout ratio is 3,181.82%.

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.