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

CML Microsystems plc (LON:CML) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 268.98 and traded as low as GBX 210. CML Microsystems shares last traded at GBX 230, with a volume of 20,907 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “house stock” rating and issued a GBX 223 price target on shares of CML Microsystems in a research report on Wednesday, April 1st.

CML Microsystems Trading Up 0.2%

The firm has a market capitalization of £37.45 million, a P/E ratio of 31.72 and a beta of 0.07. The company has a quick ratio of 6.38, a current ratio of 3.33 and a debt-to-equity ratio of 4.04. The business has a 50-day moving average price of GBX 232.22 and a 200-day moving average price of GBX 268.98.

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.