CML Microsystems (LON:CML) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

CML Microsystems plc (LON:CMLGet Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 278.04 ($3.46) and traded as low as GBX 251 ($3.12). CML Microsystems shares last traded at GBX 251 ($3.12), with a volume of 7,469 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “house stock” rating on shares of CML Microsystems in a research note on Tuesday, November 19th.

Get Our Latest Report on CML Microsystems

CML Microsystems Price Performance

The firm has a 50-day simple moving average of GBX 263.25 and a 200-day simple moving average of GBX 278.04. 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 firm has a market capitalization of £41.21 million, a PE ratio of 1,930.77 and a beta of 0.81.

CML Microsystems (LON:CMLGet Free Report) last announced its quarterly earnings data on Tuesday, November 19th. The company reported GBX 4.34 ($0.05) earnings per share (EPS) for the quarter. CML Microsystems had a return on equity of 4.05% and a net margin of 9.00%. As a group, equities analysts forecast that CML Microsystems plc will post 9.3065693 earnings per share for the current year.

CML Microsystems Cuts Dividend

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

About CML Microsystems

(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.

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