CML Microsystems (LON:CML) Given “House Stock” Rating at Shore Capital

Shore Capital reaffirmed their house stock rating on shares of CML Microsystems (LON:CML) in a research report report published on Tuesday, Marketbeat reports.

CML Microsystems Stock Performance

Shares of LON:CML opened at GBX 233 ($2.93) on Tuesday. 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 business’s fifty day moving average price is GBX 265.75 and its two-hundred day moving average price is GBX 308.89. CML Microsystems has a fifty-two week low of GBX 215.15 ($2.71) and a fifty-two week high of GBX 450 ($5.67). The stock has a market capitalization of £38.26 million, a price-to-earnings ratio of 1,838.46 and a beta of 0.81.

CML Microsystems Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 28th will be given a dividend of GBX 5 ($0.06) per share. This represents a dividend yield of 1.95%. The ex-dividend date is Thursday, November 28th. CML Microsystems’s dividend payout ratio (DPR) is currently 8,461.54%.

Insider Activity at CML Microsystems

In related news, insider Nigel G. Clark acquired 7,310 shares of the stock in a transaction on Wednesday, September 25th. The stock was purchased at an average price of GBX 271 ($3.41) per share, for a total transaction of £19,810.10 ($24,940.32). 43.34% of the stock is currently owned by insiders.

About CML Microsystems

CML Microsystems plc, through its subsidiaries, designs, manufactures, and markets a range of semiconductor products for use in communications industries in the United Kingdom, the Americas, and Far East. It primarily offers high performance radio frequency products and mixed-signal baseband/modem processors for wireless and satellite, network infrastructure, internet of things, broadcast, and aerospace and defense markets.