CML Microsystems (LON:CML) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

CML Microsystems plc (LON:CML)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 299.83 and traded as high as GBX 309. CML Microsystems shares last traded at GBX 300.60, with a volume of 4,140 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of CML Microsystems in a report on Tuesday, November 18th.

CML Microsystems Trading Down 1.8%

The company has a current ratio of 3.63, a quick ratio of 6.38 and a debt-to-equity ratio of 1.68. The stock has a market cap of £48.91 million, a P/E ratio of 41.43 and a beta of 0.81. The business’s fifty day simple moving average is GBX 299.83 and its 200 day simple moving average is GBX 287.35.

CML Microsystems (LON:CML) last announced its earnings results on Tuesday, November 18th. The company reported GBX 11.57 earnings per share for the quarter. CML Microsystems had a net margin of 9.00% and a return on equity of 4.11%. As a group, analysts expect that CML Microsystems plc will post 9.3065693 EPS for the current year.

Insider Transactions at CML Microsystems

In other news, insider Nathan Zommer acquired 559,134 shares of CML Microsystems stock in a transaction on Wednesday, October 8th. The shares were purchased at an average price of GBX 262 per share, with a total value of £1,464,931.08. Corporate insiders own 26.41% of the company’s stock.

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. 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.