CML Microsystems’ (CML) “House Stock” Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their house stock rating on shares of CML Microsystems (LON:CML) in a report issued on Tuesday morning, Marketbeat reports.

CML Microsystems Trading Up 2.1 %

CML opened at GBX 240 ($3.01) on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.63 and a quick ratio of 6.38. CML Microsystems has a 12-month low of GBX 215.15 ($2.70) and a 12-month high of GBX 450 ($5.64). The firm’s fifty day moving average price is GBX 264.79 and its 200 day moving average price is GBX 308.36. The stock has a market capitalization of £39.41 million, a PE ratio of 1,846.15 and a beta of 0.81.

CML Microsystems Cuts Dividend

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

Insider Activity at CML Microsystems

In other news, insider Nigel G. Clark bought 7,310 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was purchased at an average price of GBX 271 ($3.40) per share, for a total transaction of £19,810.10 ($24,834.02). Insiders own 43.34% of the company’s stock.

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.