CML Microsystems (LON:CML) Hits New 12-Month Low – Time to Sell?

CML Microsystems plc (LON:CML)’s share price hit a new 52-week low on Wednesday . The company traded as low as GBX 194 and last traded at GBX 210, with a volume of 96673 shares changing hands. The stock had previously closed at GBX 223.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a “house stock” rating and issued a GBX 223 target price on shares of CML Microsystems in a research note on Wednesday.

CML Microsystems Stock Down 5.8%

The business’s fifty day simple moving average is GBX 236.42 and its 200 day simple moving average is GBX 270.85. The stock has a market cap of £34.87 million, a price-to-earnings ratio of 29.54 and a beta of 0.07. The company has a current ratio of 3.33, a quick ratio of 6.38 and a debt-to-equity ratio of 4.04.

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.