CML Microsystems (LON:CML) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

CML Microsystems plc (LON:CML) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 275.15 ($3.43) and traded as low as GBX 252.01 ($3.15). CML Microsystems shares last traded at GBX 252.01 ($3.15), with a volume of 1,909 shares changing hands.

Analyst Ratings Changes

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

CML Microsystems Stock Performance

The stock has a market cap of £41.38 million, a PE ratio of 1,938.55 and a beta of 0.81. The company has a quick ratio of 6.38, a current ratio of 3.63 and a debt-to-equity ratio of 1.68. The stock has a 50-day moving average of GBX 264.47 and a 200 day moving average of GBX 275.15.

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

CML Microsystems Cuts Dividend

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

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.