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The latest announcement is out from Solid State ( (GB:SOLI) ).
Solid State plc’s manufacturing subsidiary, Steatite, has secured a £1.65 million contract from the Defence Science and Technology Laboratory, an agency of the UK’s Ministry of Defence, to design and supply complex integrated systems. This contract will be executed at Steatite’s new integrated systems facility, highlighting the company’s commitment to supporting UK defense capabilities with high-quality engineered solutions. The contract involves producing rugged cabinet enclosures with precision-engineered components designed to meet MOD specifications, emphasizing Steatite’s strategic importance in delivering mission-critical systems. The majority of the contract is expected to be fulfilled in the current and following financial year.
The most recent analyst rating on (GB:SOLI) stock is a Hold with a £169.00 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 faces significant challenges with declining profitability and cash flow, despite a stable balance sheet. Technical analysis suggests mixed momentum, and the high P/E ratio raises valuation concerns. These factors collectively result in a cautious outlook for the stock.
To see Spark’s full report on GB:SOLI stock, click here.
More about Solid State
Solid State plc is a leading value-added electronics group that supplies durable components, assemblies, and manufactured systems for industrial and defense markets, focusing on critical applications in harsh operational environments. The company specializes in industrial and ruggedized computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components & displays. Operating through its Systems and Components divisions, Solid State serves a wide range of industries, with a particular emphasis on defense, energy production, aerospace, environmental, oceanographic, industrial, robotics, medical, life sciences, and transportation. The company is headquartered in Redditch, UK, employs over 400 people worldwide, and operates from 14 national and international sites.
Average Trading Volume: 88,274
Technical Sentiment Signal: Sell
Current Market Cap: £93.79M
Learn more about SOLI stock on TipRanks’ Stock Analysis page.