CML Microsystems (LON:CML) Issues Quarterly Earnings Results

CML Microsystems (LON:CML) issued its quarterly earnings results on Wednesday. The company reported GBX (0.33) earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company had revenue of GBX 2,045 million for the quarter. CML Microsystems had a return on equity of 2.29% and a net margin of 5.77%.

CML Microsystems Trading Down 6.9%

CML Microsystems stock traded down GBX 20.30 during trading hours on Wednesday, reaching GBX 274.70. 145,276 shares of the company’s stock traded hands, compared to its average volume of 48,054. The company has a debt-to-equity ratio of 4.04, a quick ratio of 6.38 and a current ratio of 3.33. CML Microsystems has a fifty-two week low of GBX 194 and a fifty-two week high of GBX 380. The firm has a market capitalization of £45.76 million, a price-to-earnings ratio of 38.64 and a beta of 0.20. The firm’s 50 day moving average is GBX 274.76 and its 200-day moving average is GBX 264.96.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “house stock” rating on shares of CML Microsystems in a research report on Wednesday.

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.