CML Microsystems (LON:CML) Given “House Stock” Rating at Shore Capital Group

Shore Capital Group reiterated their house stock rating on shares of CML Microsystems (LON:CML) in a report released on Wednesday morning,London Stock Exchange reports. They currently have a GBX 223 price objective on the stock.

CML Microsystems Stock Down 1.1%

LON:CML opened at GBX 202.80 on Wednesday. The firm has a market capitalization of £33.68 million, a P/E ratio of 28.52 and a beta of 0.07. CML Microsystems has a 1-year low of GBX 194 and a 1-year high of GBX 350. The company’s fifty day moving average price is GBX 235.66 and its 200-day moving average price is GBX 270.42. The company has a debt-to-equity ratio of 4.04, a current ratio of 3.33 and a quick ratio of 6.38.

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.