CML Microsystems (LON:CML) Shares Cross Above 50-Day Moving Average – Here’s Why

CML Microsystems plc (LON:CML) shares crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of GBX 302.51 and traded as high as GBX 330. CML Microsystems shares last traded at GBX 326.20, with a volume of 2,464 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of CML Microsystems in a research report on Tuesday, August 11th.

CML Microsystems Stock Performance

The company has a debt-to-equity ratio of 3.80, a quick ratio of 6.38 and a current ratio of 3.83. The company has a market cap of £51.64 million, a price-to-earnings ratio of -939.39 and a beta of 0.27. The company has a fifty day moving average of GBX 303.61 and a two-hundred day moving average of GBX 279.27.

Insider Transactions at CML Microsystems

In other CML Microsystems news, insider Nathan Zommer purchased 153,937 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was purchased at an average cost of GBX 260 per share, for a total transaction of £400,236.20. 27.48% of the stock is currently owned by company insiders.

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.