CML Microsystems (LON:CML) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

CML Microsystems plc (LON:CML) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 289.36 and traded as high as GBX 290. CML Microsystems shares last traded at GBX 284.50, with a volume of 1,991 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of CML Microsystems in a research note on Tuesday, August 11th.

CML Microsystems Stock Performance

The company has a quick ratio of 6.38, a current ratio of 3.83 and a debt-to-equity ratio of 3.80. The firm has a market capitalization of £46.81 million, a P/E ratio of -851.52 and a beta of 0.27. The stock has a fifty day moving average of GBX 289.76 and a 200-day moving average of GBX 269.29.

CML Microsystems (LON:CML) last announced its quarterly earnings data on Wednesday, June 17th. The company reported GBX (0.33) earnings per share for the quarter. The company had revenue of GBX 2,045 million during the quarter. CML Microsystems had a negative net margin of 0.26% and a negative return on equity of 0.11%. On average, research 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.