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

CML Microsystems plc (LON:CML) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 277.91 and traded as low as GBX 230.01. CML Microsystems shares last traded at GBX 233, with a volume of 36,775 shares changing hands.

Wall Street Analysts Forecast Growth

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

CML Microsystems Price Performance

The company has a current ratio of 3.33, a quick ratio of 6.38 and a debt-to-equity ratio of 4.04. The firm has a market cap of £38.82 million, a PE ratio of 32.88 and a beta of 0.81. The business has a fifty day moving average of GBX 257.08 and a 200-day moving average of GBX 277.91.

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.