Shore Capital Group Reiterates House Stock Rating for CML Microsystems (LON:CML)

CML Microsystems (LON:CML)‘s stock had its “house stock” rating reaffirmed by analysts at Shore Capital Group in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They currently have a GBX 223 price target on the stock. Shore Capital Group’s target price would indicate a potential upside of 1.36% from the company’s previous close.

CML Microsystems Trading Up 7.3%

Shares of CML opened at GBX 220 on Wednesday. CML Microsystems has a 52-week low of GBX 194 and a 52-week high of GBX 350. The business’s fifty day moving average is GBX 235.06 and its 200-day moving average is GBX 270.07. The company has a debt-to-equity ratio of 4.04, a quick ratio of 6.38 and a current ratio of 3.33. The firm has a market cap of £36.53 million, a price-to-earnings ratio of 30.94 and a beta of 0.07.

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.