CML Microsystems (LON:CML) Share Price Crosses Below 200 Day Moving Average – What’s Next?

CML Microsystems plc (LON:CML) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 317.11 ($4.13) and traded as low as GBX 263.80 ($3.43). CML Microsystems shares last traded at GBX 265 ($3.45), with a volume of 114,461 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “house stock” rating on shares of CML Microsystems in a research note on Wednesday, August 14th.

CML Microsystems Trading Down 0.7 %

The business’s 50 day simple moving average is GBX 271.83 and its 200 day simple moving average is GBX 317.11. The stock has a market cap of £43.51 million, a price-to-earnings ratio of 2,038.46 and a beta of 0.81. The company has a quick ratio of 6.38, a current ratio of 3.63 and a debt-to-equity ratio of 1.68.

Insider Activity at CML Microsystems

In other CML Microsystems news, insider Nigel G. Clark purchased 7,310 shares of CML Microsystems stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average price of GBX 271 ($3.53) per share, for a total transaction of £19,810.10 ($25,787.69). 43.34% of the stock is currently owned by company insiders.

CML Microsystems Company Profile

CML Microsystems plc, through its subsidiaries, designs, manufactures, and markets a range of semiconductor products for use in communications industries in the United Kingdom, the Americas, and Far East. It primarily offers high performance radio frequency products and mixed-signal baseband/modem processors for wireless and satellite, network infrastructure, internet of things, broadcast, and aerospace and defense markets.