CML Microsystems (LON:CML) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Shares of CML Microsystems plc (LON:CML – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 251.38 ($3.34) and traded as low as GBX 251 ($3.33). CML Microsystems shares last traded at GBX 261.25 ($3.47), with a volume of 8,756 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of CML Microsystems in a research report on Friday, March 28th.

Read Our Latest Stock Analysis on CML Microsystems

CML Microsystems Stock Performance

The business has a 50-day moving average of GBX 230.81 and a 200 day moving average of GBX 251.38. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.63 and a quick ratio of 6.38. The company has a market cap of £41.97 million, a PE ratio of 20.47 and a beta of 0.81.

Insider Transactions at CML Microsystems

In other CML Microsystems news, insider Nathan Zommer bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of GBX 220 ($2.92) per share, with a total value of £220,000 ($291,970.80). Also, insider Nigel G. Clark purchased 9,250 shares of the company’s stock in a transaction on Friday, March 28th. The stock was acquired at an average price of GBX 215 ($2.85) per share, with a total value of £19,887.50 ($26,393.50). Company insiders own 43.34% of the company’s stock.

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.

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