CML Microsystems (LON:CML) Stock Crosses Above 50-Day Moving Average – What’s Next?

CML Microsystems plc (LON:CML) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 262.27 and traded as high as GBX 350. CML Microsystems shares last traded at GBX 310.50, with a volume of 69,541 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a “house stock” rating and issued a GBX 223 target price on shares of CML Microsystems in a research report on Wednesday, April 1st.

CML Microsystems Trading Down 1.4%

The stock has a market capitalization of £51.73 million, a price-to-earnings ratio of 43.67 and a beta of 0.12. The company’s 50 day moving average is GBX 262.27 and its 200 day moving average is GBX 264.81. The company has a debt-to-equity ratio of 4.04, a quick ratio of 6.38 and a current ratio of 3.33.

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.