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

CML Microsystems plc (LON:CML) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 272.96 ($3.40) and traded as low as GBX 250 ($3.11). CML Microsystems shares last traded at GBX 250 ($3.11), with a volume of 6,941 shares changing hands.

Wall Street Analysts Forecast Growth

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

CML Microsystems Trading Down 2.0 %

The company has a quick ratio of 6.38, a current ratio of 3.63 and a debt-to-equity ratio of 1.68. The firm’s fifty day moving average is GBX 265.41 and its two-hundred day moving average is GBX 272.96. The firm has a market cap of £41.05 million, a P/E ratio of 1,923.08 and a beta of 0.81.

CML Microsystems (LON:CML) last issued its quarterly earnings data on Tuesday, November 19th. The company reported GBX 4.34 ($0.05) earnings per share for the quarter. CML Microsystems had a return on equity of 4.05% and a net margin of 9.00%. Analysts predict that CML Microsystems plc will post 9.3065693 earnings per share for the current fiscal year.

CML Microsystems Cuts Dividend

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