CML Microsystems (LON:CML) Shares Break Above 50 Day Moving Average – Here’s Why

CML Microsystems plc (LON:CML) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 302.58 and traded as high as GBX 304. CML Microsystems shares last traded at GBX 304, with a volume of 22,500 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reiterated a “house stock” rating on shares of CML Microsystems in a report on Tuesday, August 11th.

CML Microsystems Stock Up 3.3%

The firm has a market cap of £51.64 million, a PE ratio of -939.39 and a beta of 0.27. The company has a debt-to-equity ratio of 3.80, a quick ratio of 6.38 and a current ratio of 3.83. The firm’s 50-day moving average price is GBX 302.58 and its two-hundred day moving average price is GBX 272.44.

Insider Buying and Selling

In related news, insider Nathan Zommer purchased 153,937 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The shares were purchased at an average cost of GBX 260 per share, for a total transaction of £400,236.20. 27.48% of the stock is owned by corporate insiders.

CML Microsystems Company Profile

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.