CML Microsystems (LON:CML) Sets New 12-Month High - Should You Buy?

Key Points

• CML Microsystems plc reached a new 52-week high of GBX 350 ($4.67) during trading, closing at GBX 337 ($4.50) with a volume of 87,430 shares.
• Shore Capital has maintained a "house stock" rating on CML Microsystems, indicating positive sentiment from analysts.
• Insider buying activity includes Geoff Barnes purchasing 6,650 shares at GBX 303 and Nathan Zommer acquiring 559,134 shares at GBX 262, demonstrating significant confidence from company insiders.

CML Microsystems plc (LON:CML - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 350 ($4.67) and last traded at GBX 337 ($4.50), with a volume of 87430 shares trading hands. The stock had previously closed at GBX 327.60 ($4.37).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "house stock" rating on shares of CML Microsystems in a research report on Tuesday, August 5th.

CML Microsystems Stock Performance

The stock has a 50 day simple moving average of GBX 276.65 and a 200 day simple moving average of GBX 265.18. 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 cap of £53.70 million, a P/E ratio of -306,363.64 and a beta of 0.81.

Insider Activity

In other news, insider Geoff Barnes bought 6,650 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average cost of GBX 303 per share, with a total value of £20,149.50. Also, insider Nathan Zommer acquired 559,134 shares of the stock in a transaction dated Wednesday, October 8th. The stock was bought at an average cost of GBX 262 per share, with a total value of £1,464,931.08. 24.01% of the stock is currently owned by 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.

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