CML Microsystems (LON:CML) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of CML Microsystems plc (LON:CML) 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 changing hands.

Analyst Upgrades and Downgrades

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

CML Microsystems Stock Up 2.7 %

The company has a quick ratio of 6.38, a current ratio of 3.63 and a debt-to-equity ratio of 1.68. The stock’s 50-day simple moving average is GBX 262.30 and its 200 day simple moving average is GBX 283.53. The firm has a market cap of £47.62 million, a P/E ratio of 2,230.77 and a beta of 0.81.

CML Microsystems Cuts Dividend

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