CML Microsystems (LON:CML) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of CML Microsystems plc (LON:CML) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 283.53 ($3.49) and traded as low as GBX 282.56 ($3.48). CML Microsystems shares last traded at GBX 290 ($3.57), with a volume of 2,350 shares.

Analyst Ratings Changes

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

CML Microsystems Stock Performance

The company has a market cap of £47.62 million, a P/E ratio of 2,230.77 and a beta of 0.81. The business has a 50 day moving average price of GBX 262.30 and a two-hundred day moving average price of GBX 283.53. The company has a debt-to-equity ratio of 1.68, a quick ratio of 6.38 and a current ratio of 3.63.

CML Microsystems Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 28th were given a GBX 5 ($0.06) dividend. This represents a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, November 28th. 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.