CML Microsystems (LON:CML) Shares Down 1.5% – Time to Sell?

CML Microsystems plc (LON:CML)’s stock price fell 1.5% during mid-day trading on Tuesday . The company traded as low as GBX 258.60 ($3.23) and last traded at GBX 258.60 ($3.23). 5,167 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 21,143 shares. The stock had previously closed at GBX 262.50 ($3.28).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of CML Microsystems in a report on Tuesday, November 19th.

CML Microsystems Trading Down 2.9 %

The business’s 50-day moving average is GBX 257.09 and its two-hundred day moving average is GBX 291.97. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.63 and a quick ratio of 6.38. The firm has a market cap of £41.87 million, a P/E ratio of 1,961.54 and a beta of 0.81.

CML Microsystems Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 28th were issued a dividend of GBX 5 ($0.06) per share. This represents a yield of 1.95%. The ex-dividend date of this dividend was Thursday, November 28th. CML Microsystems’s payout ratio is currently 8,461.54%.

Insider Buying and Selling at CML Microsystems

In other news, insider Nigel G. Clark acquired 7,310 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were purchased at an average cost of GBX 271 ($3.39) per share, with a total value of £19,810.10 ($24,759.53). Corporate insiders own 43.34% of the company’s stock.

CML Microsystems Company Profile

CML Microsystems plc, through its subsidiaries, designs, manufactures, and markets a range of semiconductor products for use in communications industries in the United Kingdom, the Americas, and Far East. It primarily offers high performance radio frequency products and mixed-signal baseband/modem processors for wireless and satellite, network infrastructure, internet of things, broadcast, and aerospace and defense markets.