CML Microsystems (LON:CML) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

CML Microsystems plc (LON:CML) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 249.84 ($3.36) and traded as low as GBX 233 ($3.13). CML Microsystems shares last traded at GBX 240 ($3.23), with a volume of 5,022 shares.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of CML Microsystems in a research note on Friday, March 28th.

CML Microsystems Trading Up 2.1%

The firm’s fifty day moving average is GBX 251.85 and its two-hundred day moving average is GBX 249.84. The firm has a market cap of £38.56 million, a P/E ratio of 18.81 and a beta of 0.81. The company has a quick ratio of 6.38, a current ratio of 3.63 and a debt-to-equity ratio of 1.68.

Insiders Place Their Bets

In other CML Microsystems news, insider Nigel G. Clark purchased 9,250 shares of the company’s stock in a transaction on Friday, March 28th. The stock was acquired at an average cost of GBX 215 ($2.89) per share, for a total transaction of £19,887.50 ($26,744.89). 43.34% of the stock is currently owned by corporate insiders.

CML Microsystems Company Profile

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.