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

CML Microsystems plc (LON:CML)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 264.31 ($3.40) and traded as low as GBX 232.65 ($3.00). CML Microsystems shares last traded at GBX 232.65 ($3.00), with a volume of 7,365 shares traded.

Wall Street Analyst Weigh In

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

CML Microsystems Stock Performance

The firm has a market capitalization of £37.38 million, a price-to-earnings ratio of 18.23 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. The firm’s 50-day moving average price is GBX 255.26 and its two-hundred day moving average price is GBX 264.31.

Insider Buying and Selling

In other news, insider Nathan Zommer bought 100,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were bought at an average price of GBX 220 ($2.83) per share, with a total value of £220,000 ($283,249.65). 43.34% of the stock is currently owned by corporate insiders.

CML Microsystems Company Profile

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.