CML Microsystems (LON:CML) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of CML Microsystems plc (LON:CMLGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 274.71 and traded as low as GBX 210.50. CML Microsystems shares last traded at GBX 211, with a volume of 31,800 shares changing hands.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on CML Microsystems

CML Microsystems Stock Down 1.9%

The company has a quick ratio of 6.38, a current ratio of 3.33 and a debt-to-equity ratio of 4.04. The company has a fifty day simple moving average of GBX 246.63 and a 200-day simple moving average of GBX 274.71. The firm has a market cap of £35.04 million, a P/E ratio of 29.68 and a beta of 0.07.

CML Microsystems Company Profile

(Get Free Report)

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.

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