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

CML Microsystems plc (LON:CML) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 283.53 ($3.46) and traded as low as GBX 282.56 ($3.45). CML Microsystems shares last traded at GBX 290 ($3.54), with a volume of 2,350 shares changing hands.

Analyst Upgrades and Downgrades

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

CML Microsystems Trading Down 1.9 %

The stock has a 50-day moving average of GBX 263.22 and a 200 day moving average of GBX 282.69. The stock has a market cap of £45.48 million, a PE ratio of 2,130.77 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.

CML Microsystems Cuts Dividend

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

About CML Microsystems

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.