CML Microsystems (LON:CML) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of CML Microsystems plc (LON:CML) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 290.51 and traded as low as GBX 240. CML Microsystems shares last traded at GBX 250, with a volume of 28,222 shares changing hands.

Analysts Set New Price Targets

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

CML Microsystems Stock Up 0.3%

The company has a market capitalization of £40.83 million, a price-to-earnings ratio of 34.58 and a beta of 0.81. 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 firm’s 50 day simple moving average is GBX 290.37 and its 200-day simple moving average is GBX 290.51.

CML Microsystems (LON:CML) last released its earnings results on Tuesday, November 18th. The company reported GBX 11.57 EPS for the quarter. CML Microsystems had a net margin of 9.00% and a return on equity of 4.11%. On average, sell-side analysts anticipate that CML Microsystems plc will post 9.3065693 EPS for the current fiscal 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.