Shore Capital Group Reaffirms House Stock Rating for CML Microsystems (LON:CML)

CML Microsystems (LON:CML)‘s stock had its “house stock” rating reaffirmed by equities researchers at Shore Capital Group in a research note issued on Wednesday,London Stock Exchange reports. They presently have a GBX 223 target price on the stock. Shore Capital Group’s target price indicates a potential upside of 10.82% from the stock’s current price.

CML Microsystems Stock Performance

Shares of CML stock traded down GBX 21.78 during trading hours on Wednesday, reaching GBX 201.23. The company had a trading volume of 94,162 shares, compared to its average volume of 33,707. The company has a debt-to-equity ratio of 4.04, a quick ratio of 6.38 and a current ratio of 3.33. The business has a fifty day moving average price of GBX 236.42 and a 200-day moving average price of GBX 270.85. CML Microsystems has a one year low of GBX 194 and a one year high of GBX 350. The firm has a market cap of £33.42 million, a PE ratio of 28.30 and a beta of 0.07.

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.