CML Microsystems (LON:CML) Reaches New 52-Week Low – What’s Next?

CML Microsystems plc (LON:CML) shares reached a new 52-week low on Wednesday . The stock traded as low as GBX 194 and last traded at GBX 210, with a volume of 96673 shares traded. The stock had previously closed at GBX 223.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “house stock” rating and issued a GBX 223 price objective on shares of CML Microsystems in a research report on Wednesday.

CML Microsystems Stock Performance

The stock has a market cap of £34.87 million, a P/E ratio of 29.54 and a beta of 0.07. The company has a debt-to-equity ratio of 4.04, a current ratio of 3.33 and a quick ratio of 6.38. The stock’s 50 day simple moving average is GBX 236.42 and its two-hundred day simple moving average is GBX 270.85.

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.