CML Microsystems (LON:CML) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

CML Microsystems plc (LON:CML)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 262.27 and traded as high as GBX 350. CML Microsystems shares last traded at GBX 310.50, with a volume of 69,541 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reaffirmed a “house stock” rating and issued a GBX 223 target price on shares of CML Microsystems in a research note on Wednesday, April 1st.

CML Microsystems Stock Down 1.4%

The company has a debt-to-equity ratio of 4.04, a current ratio of 3.33 and a quick ratio of 6.38. The firm’s 50 day moving average is GBX 262.27 and its two-hundred day moving average is GBX 264.81. The firm has a market capitalization of £51.73 million, a P/E ratio of 43.67 and a beta of 0.12.

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.