CML Microsystems (LON:CML) Stock Price Passes Below 200 Day Moving Average – Should You Sell?
by Teresa Graham · The Cerbat GemShares of CML Microsystems plc (LON:CML – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 266.67 and traded as low as GBX 220. CML Microsystems shares last traded at GBX 239, with a volume of 7,035 shares.
Wall Street Analysts Forecast Growth
Separately, Shore Capital Group reissued a “house stock” rating and issued a GBX 223 target price on shares of CML Microsystems in a research report on Wednesday, April 1st.
View Our Latest Stock Report on CML Microsystems
CML Microsystems Trading Up 3.9%
The firm’s 50 day simple moving average is GBX 228.16 and its 200-day simple moving average is GBX 266.67. The company has a market capitalization of £39.69 million, a PE ratio of 33.61 and a beta of 0.11. The company has a quick ratio of 6.38, a current ratio of 3.33 and a debt-to-equity ratio of 4.04.
CML Microsystems Company Profile
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.