CML Microsystems (LON:CML) Stock Price Down 1.5% – What’s Next?

Shares of CML Microsystems plc (LON:CML) traded down 1.5% on Tuesday . The company traded as low as GBX 258.60 ($3.23) and last traded at GBX 258.60 ($3.23). 5,167 shares were traded during trading, a decline of 76% from the average session volume of 21,143 shares. The stock had previously closed at GBX 262.50 ($3.28).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “house stock” rating on shares of CML Microsystems in a research note on Tuesday, November 19th.

CML Microsystems Price Performance

The company has a quick ratio of 6.38, a current ratio of 3.63 and a debt-to-equity ratio of 1.68. The stock has a market cap of £41.87 million, a P/E ratio of 1,961.54 and a beta of 0.81. The company’s 50 day moving average price is GBX 257.09 and its 200-day moving average price is GBX 291.97.

CML Microsystems Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 28th were issued a dividend of GBX 5 ($0.06) per share. This represents a yield of 1.95%. The ex-dividend date was Thursday, November 28th. CML Microsystems’s payout ratio is presently 8,461.54%.

Insider Activity

In other news, insider Nigel G. Clark bought 7,310 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average price of GBX 271 ($3.39) per share, with a total value of £19,810.10 ($24,759.53). Insiders own 43.34% of the company’s stock.

CML Microsystems Company Profile

CML Microsystems plc, through its subsidiaries, designs, manufactures, and markets a range of semiconductor products for use in communications industries in the United Kingdom, the Americas, and Far East. It primarily offers high performance radio frequency products and mixed-signal baseband/modem processors for wireless and satellite, network infrastructure, internet of things, broadcast, and aerospace and defense markets.