CML Microsystems (LON:CML) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Shares of CML Microsystems plc (LON:CML) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 274.71 and traded as low as GBX 210.50. CML Microsystems shares last traded at GBX 211, with a volume of 31,800 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group restated a “house stock” rating on shares of CML Microsystems in a research note on Tuesday, November 18th.

CML Microsystems Trading Down 0.5%

The business’s 50 day simple moving average is GBX 243.76 and its 200 day simple moving average is GBX 273.81. 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 stock has a market cap of £35.54 million, a P/E ratio of 30.10 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.