CML Microsystems (LON:CML) Trading Up 18.9% – Here’s What Happened

CML Microsystems plc (LON:CML) was up 18.9% during mid-day trading on Friday . The stock traded as high as GBX 295 and last traded at GBX 289. Approximately 114,752 shares traded hands during trading, an increase of 238% from the average daily volume of 33,986 shares. The stock had previously closed at GBX 243.

Analyst Upgrades and Downgrades

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

CML Microsystems Price Performance

The company has a quick ratio of 6.38, a current ratio of 3.33 and a debt-to-equity ratio of 4.04. The business has a fifty day moving average of GBX 228.75 and a 200 day moving average of GBX 262.87. The firm has a market cap of £48.14 million, a P/E ratio of 40.65 and a beta of 0.11.

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.