CML Microsystems (LON:CML) Share Price Passes Above 200 Day Moving Average – Should You Sell?

CML Microsystems plc (LON:CML) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 257.30 and traded as high as GBX 280. CML Microsystems shares last traded at GBX 275, with a volume of 25,015 shares.

Analyst Ratings Changes

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

CML Microsystems Price Performance

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 company has a market capitalization of £45.81 million, a P/E ratio of -833.33 and a beta of 0.26. The company’s 50-day simple moving average is GBX 282.99 and its 200 day simple moving average is GBX 257.30.

CML Microsystems (LON:CML) last released its quarterly earnings results on Wednesday, June 17th. The company reported GBX (0.33) earnings per share for the quarter. The business had revenue of GBX 2,045 million for the quarter. CML Microsystems had a negative net margin of 0.26% and a negative return on equity of 0.11%. As a group, sell-side analysts expect 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. 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.