CML Microsystems (LON:CML) Shares Cross Below 200-Day Moving Average – Here’s What Happened

CML Microsystems plc (LON:CML) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 288.93 and traded as low as GBX 250. CML Microsystems shares last traded at GBX 258, with a volume of 41,870 shares trading hands.

Analyst Ratings Changes

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

CML Microsystems Stock Down 2.6%

The stock has a market cap of £42.84 million, a P/E ratio of 36.29 and a beta of 0.81. The company has a quick ratio of 6.38, a current ratio of 3.63 and a debt-to-equity ratio of 1.68. The business has a 50-day simple moving average of GBX 287.20 and a 200-day simple moving average of GBX 288.93.

CML Microsystems (LON:CML) last issued its quarterly earnings data on Tuesday, November 18th. The company reported GBX 11.57 earnings per share for the quarter. CML Microsystems had a net margin of 9.00% and a return on equity of 4.11%. Analysts expect that CML Microsystems plc will post 9.3065693 EPS for the current year.

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.