CML Microsystems (LON:CML) Share Price Passes Above 200-Day Moving Average – Here’s Why

CML Microsystems plc (LON:CML) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 258.29 and traded as high as GBX 288. CML Microsystems shares last traded at GBX 280, with a volume of 39,064 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “house stock” rating on shares of CML Microsystems in a research report on Wednesday, June 17th.

CML Microsystems Price Performance

The company has a market cap of £46.65 million, a PE ratio of -848.48 and a beta of 0.26. The firm’s 50-day moving average is GBX 277.24 and its 200-day moving average is GBX 258.29. The company has a quick ratio of 6.38, a current ratio of 3.83 and a debt-to-equity ratio of 3.80.

CML Microsystems (LON:CML) last posted its quarterly earnings data on Wednesday, June 17th. The company reported GBX (0.33) earnings per share for the quarter. CML Microsystems had a negative net margin of 0.26% and a negative return on equity of 0.11%. The firm had revenue of GBX 2,045 million for the quarter. On average, equities analysts anticipate that CML Microsystems plc will post 9.3065693 EPS for the current year.

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.