What’s Solid State PLC Downside After Today’s Huge Decline?

 What's Solid State PLC Downside After Today's Huge Decline?

The stock of Solid State PLC (LON:SOLI) is a huge mover today! The stock decreased 1.78% or GBX 7.5 on November 23, hitting GBX 415. About 2,917 shares traded hands. Solid State PLC (LON:SOLI) has risen 25.19% since April 26, 2016 and is uptrending. It has outperformed by 19.86% the S&P500.
The move comes after 7 months negative chart setup for the GBX 35.45 million company. It was reported on Nov, 23 by Barchart.com. We have GBX 402.55 PT which if reached, will make LON:SOLI worth GBX 1.06 million less.

Solid State PLC (LON:SOLI) Ratings Coverage

Out of 2 analysts covering Solid State Plc (LON:SOLI), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 577 is the highest target while GBX 420 is the lowest. The GBX 498.50 average target is 20.12% above today’s (GBX 415) stock price. Solid State Plc has been the topic of 5 analyst reports since November 6, 2015 according to StockzIntelligence Inc. The stock of Solid State PLC (LON:SOLI) has “Buy” rating given on Wednesday, June 1 by Cantor Fitzgerald. The rating was maintained by Cantor Fitzgerald on Tuesday, November 24 with “Buy”. The company was maintained on Friday, February 26 by Cantor Fitzgerald. Cantor Fitzgerald maintained Solid State PLC (LON:SOLI) rating on Friday, November 6. Cantor Fitzgerald has “Buy” rating and GBX 550 price target. WH Ireland maintained the shares of SOLI in a report on Tuesday, November 24 with “Buy” rating.

Solid State PLC is engaged in manufacturing of electronic equipment and distribution of electronic components and materials. The company has a market cap of 35.45 million GBP. The Firm is a maker and specialist design-in distributor to the electronics industry. It has a 8.42 P/E ratio. The Company’s divisions are Distribution division and Manufacturing division.

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