CML Microsystems (LON:CML) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of CML Microsystems plc (LON:CML) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 299.83 and traded as high as GBX 309. CML Microsystems shares last traded at GBX 300.60, with a volume of 4,140 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of CML Microsystems in a research report on Tuesday, November 18th.

CML Microsystems Trading Down 1.8%

The business has a 50 day moving average of GBX 299.83 and a 200 day moving average of GBX 287.35. The firm has a market capitalization of £48.91 million, a price-to-earnings ratio of 41.43 and a beta of 0.81. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.63 and a quick ratio of 6.38.

CML Microsystems (LON:CML) last released its earnings results on Tuesday, November 18th. The company reported GBX 11.57 earnings per share for the quarter. CML Microsystems had a return on equity of 4.11% and a net margin of 9.00%. As a group, research analysts predict that CML Microsystems plc will post 9.3065693 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Nathan Zommer acquired 559,134 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The stock was purchased at an average price of GBX 262 per share, for a total transaction of £1,464,931.08. 26.41% of the stock is owned by insiders.

CML Microsystems Company Profile

CML develops mixed-signal, RF and microwave semiconductors for global communications markets. The Group utilises a combination of outsourced manufacturing and in-house testing with trading operations in the UK, Asia and USA. CML targets sub-segments within Communication markets with strong growth profiles and high barriers to entry. It has secured a diverse, blue chip customer base, including some of the world’s leading commercial and industrial product manufacturers.

The spread of its customers and diversity of the product range largely protects the business from the cyclicality usually associated with the semiconductor industry.