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

CML Microsystems plc (LON:CML)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 274.71 and traded as low as GBX 210.50. CML Microsystems shares last traded at GBX 211, with a volume of 31,800 shares traded.

Analyst Ratings Changes

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

CML Microsystems Trading Down 1.9%

The firm has a market capitalization of £35.04 million, a P/E ratio of 29.68 and a beta of 0.07. 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 stock has a 50 day simple moving average of GBX 246.63 and a 200-day simple moving average of GBX 274.71.

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.