CML Microsystems (LON:CML) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of CML Microsystems plc (LON:CML) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 257.30 and traded as high as GBX 280. CML Microsystems shares last traded at GBX 275, with a volume of 25,015 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital Group reissued a “house stock” rating on shares of CML Microsystems in a research report on Wednesday, June 17th.

CML Microsystems Stock Performance

The firm has a market cap of £46.31 million, a price-to-earnings ratio of -842.42 and a beta of 0.26. The company has a quick ratio of 6.38, a current ratio of 3.83 and a debt-to-equity ratio of 3.80. The stock has a fifty day moving average price of GBX 282.35 and a 200-day moving average price of GBX 257.45.

CML Microsystems (LON:CML) last issued its quarterly earnings results on Wednesday, June 17th. The company reported GBX (0.33) earnings per share for the quarter. CML Microsystems had a negative return on equity of 0.11% and a negative net margin of 0.26%.The company had revenue of GBX 2,045 million for the quarter. On average, analysts expect that CML Microsystems plc will post 9.3065693 earnings per share for the current fiscal 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. 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.