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

CML Microsystems plc (LON:CML)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 264.31 ($3.40) and traded as low as GBX 232.65 ($3.00). CML Microsystems shares last traded at GBX 232.65 ($3.00), with a volume of 7,365 shares.

Analysts Set New Price Targets

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

CML Microsystems Stock Performance

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 stock has a market capitalization of £37.38 million, a P/E ratio of 18.23 and a beta of 0.81. The company has a 50 day simple moving average of GBX 255.26 and a 200-day simple moving average of GBX 264.31.

Insider Activity

In other news, insider Nathan Zommer bought 100,000 shares of CML Microsystems stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of GBX 220 ($2.83) per share, with a total value of £220,000 ($283,249.65). Company insiders own 43.34% of the company’s stock.

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.