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

CML Microsystems plc (LON:CML)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 261.20 and traded as low as GBX 260. CML Microsystems shares last traded at GBX 265, with a volume of 40,274 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital Group reissued a “house stock” rating on shares of CML Microsystems in a report on Wednesday, June 17th.

CML Microsystems Price Performance

The company has a debt-to-equity ratio of 3.80, a quick ratio of 6.38 and a current ratio of 3.83. The company’s fifty day simple moving average is GBX 283.19 and its two-hundred day simple moving average is GBX 261.20. The stock has a market capitalization of £44.15 million, a PE ratio of 37.27 and a beta of 0.20.

CML Microsystems (LON:CML) last announced its quarterly earnings results on Wednesday, June 17th. The company reported GBX (0.33) earnings per share (EPS) for the quarter. The business had revenue of GBX 2,045 million during the quarter. CML Microsystems had a negative net margin of 0.26% and a negative return on equity of 0.11%. As a group, sell-side analysts predict that CML Microsystems plc will post 9.3065693 EPS 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.