CML Microsystems (LON:CML) Reaches New 1-Year Low – Should You Sell?

CML Microsystems plc (LON:CML) shares hit a new 52-week low on Wednesday . The stock traded as low as GBX 194 and last traded at GBX 210, with a volume of 96673 shares traded. The stock had previously closed at GBX 223.

Analyst Ratings Changes

Separately, Shore Capital Group reissued a “house stock” rating and set a GBX 223 price objective on shares of CML Microsystems in a report on Wednesday.

CML Microsystems Stock Up 4.8%

The business has a 50 day moving average of GBX 235.06 and a two-hundred day moving average of GBX 270.07. The stock has a market capitalization of £36.53 million, a PE ratio of 30.94 and a beta of 0.07. The company has a debt-to-equity ratio of 4.04, a quick ratio of 6.38 and a current ratio of 3.33.

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.