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Solid State ( (GB:SOLI) ) just unveiled an update.
Solid State plc has bought back 23,652 of its own ordinary shares at 164.97 pence each to be held in treasury, primarily to satisfy future awards under its share option schemes, in a move that reflects active capital management and support for employee incentive structures. Following this transaction, the company’s issued share capital remains at 57,081,720 ordinary shares, of which 262,773 are now held in treasury, leaving 56,818,947 voting rights in issue, a figure that provides investors with clarity for disclosure requirements under UK market transparency rules.
The most recent analyst rating on (GB:SOLI) stock is a Hold with a £172.00 price target. To see the full list of analyst forecasts on Solid State stock, see the GB:SOLI Stock Forecast page.
Spark’s Take on GB:SOLI Stock
According to Spark, TipRanks’ AI Analyst, GB:SOLI is a Neutral.
Solid State’s overall stock score reflects a stable financial position with challenges in profitability and cash flow. The technical analysis indicates short-term bullish momentum, while the valuation suggests potential overvaluation. Positive corporate events, including significant contract wins and strategic partnerships, bolster the company’s growth prospects. However, the high P/E ratio and declining profitability are key risks.
To see Spark’s full report on GB:SOLI stock, click here.
More about Solid State
Solid State plc is a UK-headquartered value-added electronics group supplying industrial and defence markets with ruggedised computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components and displays. Operating through its Systems, Power and Components divisions under brands including Steatite, Solsta, Custom Power, Pacer, Active Silicon, Gateway, Durakool and Q-Par, the company focuses on critical applications in harsh environments across sectors such as defence, energy, aerospace, environmental, oceanographic, industrial, robotics, medical, life sciences and transportation, with production facilities in the UK and the US and over 425 employees worldwide.
Average Trading Volume: 95,270
Technical Sentiment Signal: Buy
Current Market Cap: £91.5M
For detailed information about SOLI stock, go to TipRanks’ Stock Analysis page.