CML Microsystems (LON:CML) Stock Price Passes Below 200 Day Moving Average – What’s Next?

CML Microsystems plc (LON:CML)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 288.93 and traded as low as GBX 250. CML Microsystems shares last traded at GBX 258, with a volume of 41,870 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “house stock” rating on shares of CML Microsystems in a report on Tuesday, November 18th.

CML Microsystems Stock Down 2.6%

The stock has a 50-day moving average price of GBX 287.20 and a 200-day moving average price of GBX 288.66. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.63 and a quick ratio of 6.38. The company has a market capitalization of £42.84 million, a P/E ratio of 36.29 and a beta of 0.81.

CML Microsystems (LON:CML) last released its quarterly earnings results on Tuesday, November 18th. The company reported GBX 11.57 earnings per share (EPS) for the quarter. CML Microsystems had a net margin of 9.00% and a return on equity of 4.11%. On average, research analysts predict that CML Microsystems plc will post 9.3065693 EPS for the current fiscal year.

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.