CML Microsystems (LON:CML) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

CML Microsystems plc (LON:CML)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 269.61 ($3.41) and traded as low as GBX 241.50 ($3.05). CML Microsystems shares last traded at GBX 241.50 ($3.05), with a volume of 10,000 shares trading hands.

Wall Street Analyst Weigh In

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

CML Microsystems Stock Down 2.0 %

The company has a debt-to-equity ratio of 1.68, a current ratio of 3.63 and a quick ratio of 6.38. The stock has a market capitalization of £38.56 million, a P/E ratio of 18.81 and a beta of 0.81. The firm has a 50-day simple moving average of GBX 263.23 and a 200 day simple moving average of GBX 269.03.

CML Microsystems (LON:CML) last posted its earnings results on Tuesday, November 19th. The company reported GBX 4.34 ($0.05) EPS for the quarter. CML Microsystems had a return on equity of 4.11% and a net margin of 9.00%. On average, equities research analysts forecast that CML Microsystems plc will post 9.3065693 EPS for the current year.

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.