CML Microsystems (LON:CML) Shares Cross Below 200-Day Moving Average – What’s Next?

CML Microsystems plc (LON:CML)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 285.81 ($3.54) and traded as low as GBX 280.50 ($3.47). CML Microsystems shares last traded at GBX 280.50 ($3.47), with a volume of 1,228 shares trading hands.

Wall Street Analyst Weigh In

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

CML Microsystems Trading Down 1.9 %

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 firm has a market capitalization of £45.90 million, a PE ratio of 2,150.38 and a beta of 0.81. The company’s fifty day simple moving average is GBX 260.06 and its 200-day simple moving average is GBX 285.40.

CML Microsystems Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 28th were paid a GBX 5 ($0.06) dividend. This represents a dividend yield of 1.95%. The ex-dividend date was Thursday, November 28th. CML Microsystems’s dividend payout ratio (DPR) is presently 8,461.54%.

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.