CML Microsystems (LON:CML) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

CML Microsystems plc (LON:CML) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 269.61 ($3.42) and traded as low as GBX 241.50 ($3.06). CML Microsystems shares last traded at GBX 241.50 ($3.06), with a volume of 10,000 shares traded.

Analysts Set New Price Targets

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

CML Microsystems Trading Down 1.5 %

The stock has a market capitalization of £38.79 million, a P/E ratio of 18.92 and a beta of 0.81. The company has a current ratio of 3.63, a quick ratio of 6.38 and a debt-to-equity ratio of 1.68. The company has a 50-day moving average price of GBX 263.68 and a 200 day moving average price of GBX 269.61.

CML Microsystems (LON:CML) last released its quarterly earnings results on Tuesday, November 19th. The company reported GBX 4.34 ($0.05) EPS for the quarter. CML Microsystems had a return on equity of 4.11% and a net margin of 9.00%. On average, research analysts forecast that CML Microsystems plc will post 9.3065693 earnings per share for the current fiscal year.

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.