CML Microsystems (LON:CML) Hits New 52-Week Low – Time to Sell?

CML Microsystems plc (LON:CML) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 215.15 ($2.71) and last traded at GBX 226 ($2.85), with a volume of 182751 shares changing hands. The stock had previously closed at GBX 256 ($3.22).

Wall Street Analyst Weigh In

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

CML Microsystems Stock Down 1.9 %

The company has a market capitalization of £38.26 million, a P/E ratio of 1,838.46 and a beta of 0.81. The company has a current ratio of 3.63, a quick ratio of 6.38 and a debt-to-equity ratio of 1.68. The stock has a 50 day moving average price of GBX 265.75 and a 200 day moving average price of GBX 308.89.

CML Microsystems Cuts Dividend

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

Insider Buying and Selling

In related news, insider Nigel G. Clark bought 7,310 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average cost of GBX 271 ($3.41) per share, with a total value of £19,810.10 ($24,940.32). 43.34% of the stock is owned by corporate insiders.

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.