CML Microsystems (LON:CML) Hits New 12-Month Low – Here’s Why

by · The Cerbat Gem

CML Microsystems plc (LON:CML – Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as GBX 240 ($3.12) and last traded at GBX 243.90 ($3.17), with a volume of 15942 shares traded. The stock had previously closed at GBX 252.50 ($3.28).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of CML Microsystems in a report on Wednesday, August 14th.

Read Our Latest Analysis on CML Microsystems

CML Microsystems Price Performance

The company has a market capitalization of £42.56 million, a P/E ratio of 1,865.38 and a beta of 0.81. The company’s 50-day simple moving average is GBX 278.97 and its 200 day simple moving average is GBX 321.81. The company has a quick ratio of 6.38, a current ratio of 3.63 and a debt-to-equity ratio of 1.68.

Insiders Place Their Bets

In other news, insider Nigel G. Clark purchased 7,310 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were bought at an average price of GBX 271 ($3.52) per share, with a total value of £19,810.10 ($25,720.72). Insiders own 43.34% of the company’s stock.

CML Microsystems Company Profile

(Get Free Report)

CML Microsystems plc, through its subsidiaries, designs, manufactures, and markets a range of semiconductor products for use in communications industries in the United Kingdom, the Americas, and Far East. It primarily offers high performance radio frequency products and mixed-signal baseband/modem processors for wireless and satellite, network infrastructure, internet of things, broadcast, and aerospace and defense markets.

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