CML Microsystems (LON:CML) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

CML Microsystems plc (LON:CML)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 262.97 and traded as low as GBX 260.80. CML Microsystems shares last traded at GBX 261.55, with a volume of 20,166 shares traded.

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 Stock Performance

The company has a market cap of £43.98 million, a PE ratio of 37.13 and a beta of 0.20. 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 stock’s 50-day simple moving average is GBX 280.29 and its 200 day simple moving average is GBX 262.66.

CML Microsystems (LON:CML) last issued its quarterly earnings results on Wednesday, June 17th. The company reported GBX (0.33) earnings per share (EPS) for the quarter. The firm had revenue of GBX 2,045 million for the quarter. CML Microsystems had a negative return on equity of 0.11% and a negative net margin of 0.26%. As a group, equities analysts anticipate 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.