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

CML Microsystems plc (LON:CML) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 264.31 ($3.43) and traded as low as GBX 232.65 ($3.02). CML Microsystems shares last traded at GBX 232.65 ($3.02), with a volume of 7,365 shares traded.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of CML Microsystems in a research report on Tuesday, November 19th.

CML Microsystems Price Performance

The business has a 50-day simple moving average of GBX 253.56 and a 200 day simple moving average of GBX 263.95. The stock has a market cap of £38.49 million, a P/E ratio of 18.78 and a beta of 0.81. The company has a current ratio of 3.63, a quick ratio of 6.38 and a debt-to-equity ratio of 1.68.

Insider Buying and Selling at CML Microsystems

In related news, insider Nathan Zommer purchased 100,000 shares of CML Microsystems stock in a transaction on Friday, February 28th. The shares were purchased at an average price of GBX 220 ($2.85) per share, for a total transaction of £220,000 ($285,306.70). Corporate insiders own 43.34% of the company’s stock.

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.