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CML Microsystems (LON:CML) Shares Pass Above 50-Day Moving Average - What's Next?

CML Microsystems logo with Computer and Technology background

CML Microsystems plc (LON:CML - Get Free Report)'s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 253.87 ($3.42) and traded as high as GBX 290 ($3.91). CML Microsystems shares last traded at GBX 280 ($3.78), with a volume of 34,640 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "house stock" rating on shares of CML Microsystems in a report on Thursday.

Check Out Our Latest Stock Analysis on CML

CML Microsystems Stock Performance

The firm has a fifty day simple moving average of GBX 255.97 and a 200-day simple moving average of GBX 249.84. The company has a market cap of £49.59 million, a PE ratio of 24.19 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.

CML Microsystems (LON:CML - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The company reported GBX (0.11) ($0.00) earnings per share (EPS) for the quarter. CML Microsystems had a return on equity of 4.11% and a net margin of 9.00%. On average, research analysts forecast that CML Microsystems plc will post 9.3065693 EPS for the current fiscal year.

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.

Further Reading

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