CML Microsystems (LON:CML) Share Price Passes Above 50-Day Moving Average - Here's What Happened

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 share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 275.07 ($3.70) and traded as high as GBX 309.70 ($4.16). CML Microsystems shares last traded at GBX 305 ($4.10), with a volume of 66,758 shares traded.

Analyst Ratings Changes

Separately, Shore Capital restated a "house stock" rating on shares of CML Microsystems in a research note on Tuesday.

CML Microsystems Stock Down 3.2%

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 cap of £48.20 million, a P/E ratio of 23.51 and a beta of 0.81. The stock has a 50-day moving average of GBX 277.29 and a 200 day moving average of GBX 254.65.

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