CML Microsystems (LON:CML) Stock Price Crosses 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 Wednesday . The stock has a 200-day moving average of GBX 257.77 and traded as low as GBX 253. CML Microsystems shares last traded at GBX 265, with a volume of 8,317 shares changing hands.

Analysts Set New Price Targets

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

CML Microsystems Stock Up 1.9%

The firm’s 50 day simple moving average is GBX 285.01 and its 200-day simple moving average is GBX 257.77. The company has a market cap of £44.15 million, a price-to-earnings ratio of -803.03 and a beta of 0.26. The company has a debt-to-equity ratio of 3.80, a current ratio of 3.83 and a quick ratio of 6.38.

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

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.