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

CML Microsystems plc (LON:CML) shares crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 302.58 and traded as high as GBX 304. CML Microsystems shares last traded at GBX 304, with a volume of 22,500 shares traded.

Wall Street Analysts Forecast Growth

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

CML Microsystems Stock Performance

The stock has a market cap of £51.64 million, a price-to-earnings ratio of -939.39 and a beta of 0.27. The stock’s 50 day moving average is GBX 302.58 and its two-hundred day moving average is GBX 272.44. The company has a current ratio of 3.83, a quick ratio of 6.38 and a debt-to-equity ratio of 3.80.

Insider Activity at CML Microsystems

In other CML Microsystems news, insider Nathan Zommer bought 153,937 shares of CML Microsystems stock in a transaction dated Tuesday, September 29th. The stock was acquired at an average cost of GBX 260 per share, with a total value of £400,236.20. Insiders own 27.48% of the company’s stock.

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.