CML Microsystems (LON:CML) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of CML Microsystems plc (LON:CML) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 267.82 and traded as low as GBX 221.11. CML Microsystems shares last traded at GBX 229.99, with a volume of 9,083 shares trading hands.

Analyst Upgrades and Downgrades

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

CML Microsystems Stock Performance

The firm’s fifty day moving average price is GBX 229.86 and its 200-day moving average price is GBX 267.82. The company has a current ratio of 3.33, a quick ratio of 6.38 and a debt-to-equity ratio of 4.04. The firm has a market cap of £38.20 million, a price-to-earnings ratio of 32.35 and a beta of 0.11.

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.