CML Microsystems (LON:CML) Shares Cross Above 50-Day Moving Average - Should You Sell?

Key Points

• CML Microsystems' stock price has recently crossed above its 50-day moving average of GBX 275.07, trading as high as GBX 309.70.
• Wall Street analysts at Shore Capital have reiterated a "house stock" rating on CML Microsystems, indicating positive outlook on the stock.
• The company reported a return on equity of 4.11% and a net margin of 9.00% in its latest quarterly earnings, with anticipated EPS of 9.31 for the current fiscal year.

CML Microsystems plc (LON:CML - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 275.07 ($3.70) and traded as high as GBX 309.70 ($4.17). CML Microsystems shares last traded at GBX 305 ($4.10), with a volume of 66,758 shares.

Wall Street Analysts Forecast Growth

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

CML Microsystems Stock Performance

The firm's fifty day simple moving average is GBX 277.71 and its 200 day simple moving average is GBX 254.89. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.63 and a quick ratio of 6.38. The company has a market capitalization of £46.59 million, a price-to-earnings ratio of 22.73 and a beta of 0.81.

CML Microsystems (LON:CML - Get Free Report) last posted 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, sell-side analysts forecast that CML Microsystems plc will post 9.3065693 EPS for the current year.

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.