CML Microsystems (LON:CML) Stock Passes Below 200-Day Moving Average – Time to Sell?

CML Microsystems plc (LON:CML)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 320.70 ($4.16) and traded as low as GBX 267 ($3.46). CML Microsystems shares last traded at GBX 267 ($3.46), with a volume of 10,938 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “house stock” rating on shares of CML Microsystems in a research note on Wednesday, August 14th.

CML Microsystems Price Performance

The stock has a fifty day moving average price of GBX 276.31 and a 200-day moving average price of GBX 320.70. The firm has a market capitalization of £43.84 million, a PE ratio of 2,053.85 and a beta of 0.81. The company has a debt-to-equity ratio of 1.68, a quick ratio of 6.38 and a current ratio of 3.63.

Insider Buying and Selling

In other news, insider Nigel G. Clark purchased 7,310 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were acquired at an average price of GBX 271 ($3.51) per share, for a total transaction of £19,810.10 ($25,690.70). 43.34% of the stock is owned by company insiders.

CML Microsystems Company Profile

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.