CML Microsystems (LON:CML) Shares Pass Above 50-Day Moving Average – What’s Next?

CML Microsystems plc (LON:CML)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 262.27 and traded as high as GBX 350. CML Microsystems shares last traded at GBX 310.50, with a volume of 69,541 shares trading hands.

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 note on Wednesday, April 1st.

CML Microsystems Stock Performance

The stock has a market cap of £50.81 million, a PE ratio of 42.90 and a beta of 0.12. The company has a quick ratio of 6.38, a current ratio of 3.33 and a debt-to-equity ratio of 4.04. The company has a fifty day moving average price of GBX 265.40 and a 200 day moving average price of GBX 265.23.

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.