CML Microsystems (LON:CML) Trading 15.7% Higher – What’s Next?

CML Microsystems plc (LON:CML) was up 15.7% on Wednesday . The company traded as high as GBX 355 and last traded at GBX 353. Approximately 189,872 shares were traded during mid-day trading, an increase of 366% from the average daily volume of 40,776 shares. The stock had previously closed at GBX 305.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “house stock” rating and set a GBX 223 price target on shares of CML Microsystems in a research report on Wednesday, April 1st.

CML Microsystems Price Performance

The business has a 50-day simple moving average of GBX 246.17 and a 200 day simple moving average of GBX 261.85. The firm has a market cap of £58.81 million, a P/E ratio of 49.65 and a beta of 0.12. 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 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.