CML Microsystems (LON:CML) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

CML Microsystems plc (LON:CML – Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 261.20 and traded as low as GBX 260. CML Microsystems shares last traded at GBX 265, with a volume of 40,274 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of CML Microsystems in a report on Wednesday, June 17th.

Get CML Microsystems alerts:

Read Our Latest Stock Report on CML Microsystems

CML Microsystems Trading Down 1.3%

The company has a quick ratio of 6.38, a current ratio of 3.83 and a debt-to-equity ratio of 3.80. The firm’s 50-day simple moving average is GBX 283.86 and its 200-day simple moving average is GBX 261.20. The firm has a market capitalization of £43.56 million, a PE ratio of 36.78 and a beta of 0.20.

CML Microsystems (LON:CML – Get Free Report) last posted its earnings results on Wednesday, June 17th. The company reported GBX (0.33) earnings per share for the quarter. The firm had revenue of GBX 2,045 million for the quarter. CML Microsystems had a negative return on equity of 0.11% and a negative net margin of 0.26%. Equities analysts expect that CML Microsystems plc will post 9.3065693 earnings per share for the current year.

CML Microsystems Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than CML Microsystems
• These Stocks Could Win as Wall Street Looks Beyond AI Software
• D.R. Horton Is Defying the Housing Gloom
• Why Flywire and Airbnb Could Be Quiet Winners of a Ceasefire
• Broadcom and OpenAI Unveil Jalapeño: An Early Step to Massive AI Growth Potential

Receive News & Ratings for CML Microsystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CML Microsystems and related companies with MarketBeat.com's FREE daily email newsletter.