CML Microsystems (LON:CML) Shares Cross Below 200-Day Moving Average – Here’s Why

CML Microsystems plc (LON:CML)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 317.11 ($4.13) and traded as low as GBX 263.80 ($3.43). CML Microsystems shares last traded at GBX 265 ($3.45), with a volume of 114,461 shares.

Analyst Ratings Changes

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

CML Microsystems Price Performance

The company has a fifty day simple moving average of GBX 271.31 and a 200-day simple moving average of GBX 316.51. The company has a market cap of £43.92 million, a P/E ratio of 2,057.69 and a beta of 0.81. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.63 and a quick ratio of 6.38.

Insider Buying and Selling

In related news, insider Nigel G. Clark acquired 7,310 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were purchased at an average price of GBX 271 ($3.53) per share, for a total transaction of £19,810.10 ($25,787.69). Company insiders own 43.34% of the company’s stock.

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.