CML Microsystems (LON:CML) Share Price Passes Below 200-Day Moving Average – Here’s Why

CML Microsystems plc (LON:CML) shares passed 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 traded.

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 Price Performance

The stock has a market cap of £47.62 million, a P/E ratio of 2,230.77 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. The company’s 50 day simple moving average is GBX 262.30 and its 200 day simple moving average is GBX 283.53.

CML Microsystems Cuts Dividend

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