CML Microsystems (LON:CML) Trading Up 18.9% – Should You Buy?

CML Microsystems plc (LON:CML)’s share price traded up 18.9% during mid-day trading on Friday . The company traded as high as GBX 295 and last traded at GBX 289. 114,752 shares were traded during trading, an increase of 238% from the average session volume of 33,986 shares. The stock had previously closed at GBX 243.

Wall Street Analysts Forecast Growth

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

CML Microsystems Stock Up 18.9%

The company has a debt-to-equity ratio of 4.04, a quick ratio of 6.38 and a current ratio of 3.33. The stock’s 50 day simple moving average is GBX 228.75 and its 200 day simple moving average is GBX 262.87. The firm has a market cap of £48.14 million, a P/E ratio of 40.65 and a beta of 0.11.

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.