CML Microsystems (LON:CML) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

CML Microsystems plc (LON:CML)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 272.28 and traded as low as GBX 216. CML Microsystems shares last traded at GBX 220, with a volume of 16,162 shares trading hands.

CML Microsystems Trading Up 2.2%

The company has a fifty day moving average of GBX 238.41 and a 200-day moving average of GBX 271.70. The company has a current ratio of 3.33, a quick ratio of 6.38 and a debt-to-equity ratio of 4.04. The company has a market capitalization of £38.36 million, a price-to-earnings ratio of 32.49 and a beta of 0.07.

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.