CML Microsystems (LON:CML) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

CML Microsystems plc (LON:CML)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 282.70 and traded as low as GBX 230. CML Microsystems shares last traded at GBX 239.80, with a volume of 27,885 shares trading hands.

Analyst Ratings Changes

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

CML Microsystems Stock Up 0.8%

The company has a current ratio of 3.63, a quick ratio of 6.38 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of £39.82 million, a P/E ratio of 33.73 and a beta of 0.81. The firm’s fifty day moving average is GBX 272.21 and its 200-day moving average is GBX 282.70.

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

About CML Microsystems

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.