CML Microsystems (LON:CML) Hits New 12-Month Low – What’s Next?

Shares of CML Microsystems plc (LON:CML) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 195 ($2.52) and last traded at GBX 214.45 ($2.78), with a volume of 70734 shares. The stock had previously closed at GBX 226 ($2.93).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of CML Microsystems in a research note on Friday.

CML Microsystems Price Performance

The stock has a fifty day moving average of GBX 241.67 and a two-hundred day moving average of GBX 258.36. The company has a current ratio of 3.63, a quick ratio of 6.38 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of £34.30 million, a price-to-earnings ratio of 16.73 and a beta of 0.81.

Insider Buying and Selling

In related news, insider Nathan Zommer bought 100,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were purchased at an average price of GBX 220 ($2.85) per share, with a total value of £220,000 ($284,752.78). Corporate insiders own 43.34% of the company’s stock.

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.