CML Microsystems (LON:CML) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

CML Microsystems plc (LON:CML)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 246.17 and traded as high as GBX 310. CML Microsystems shares last traded at GBX 307.25, with a volume of 72,370 shares.

Wall Street Analysts Forecast Growth

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

CML Microsystems Stock Up 8.2%

The firm has a market capitalization of £54.97 million, a PE ratio of 46.41 and a beta of 0.12. The company has a debt-to-equity ratio of 4.04, a current ratio of 3.33 and a quick ratio of 6.38. The company’s fifty day simple moving average is GBX 246.17 and its 200-day simple moving average is GBX 261.85.

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.