CML Microsystems (LON:CML) Releases Quarterly Earnings Results

CML Microsystems (LON:CML) issued its quarterly earnings results on Wednesday. The company reported GBX (0.33) earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of GBX 2,045 million during the quarter. CML Microsystems had a net margin of 5.77% and a return on equity of 2.29%.

CML Microsystems Trading Down 5.3%

CML traded down GBX 15.50 during trading on Wednesday, reaching GBX 279.50. 144,536 shares of the company’s stock were exchanged, compared to its average volume of 48,048. The company’s fifty day moving average price is GBX 274.76 and its 200-day moving average price is GBX 264.96. The company has a debt-to-equity ratio of 4.04, a quick ratio of 6.38 and a current ratio of 3.33. CML Microsystems has a fifty-two week low of GBX 194 and a fifty-two week high of GBX 380. The firm has a market capitalization of £46.56 million, a PE ratio of 39.31 and a beta of 0.20.

Analyst Ratings Changes

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

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.