CML Microsystems (LON:CML) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of CML Microsystems plc (LON:CML) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 235.50 ($3.13) and traded as high as GBX 260 ($3.46). CML Microsystems shares last traded at GBX 251.90 ($3.35), with a volume of 1,336 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “house stock” rating on shares of CML Microsystems in a research report on Friday, March 28th.

CML Microsystems Stock Down 1.2 %

The business has a fifty day moving average price of GBX 235.50 and a two-hundred day moving average price of GBX 250.04. The firm has a market cap of £40.47 million, a PE ratio of 19.74 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.

Insider Buying and Selling at CML Microsystems

In other news, insider Nigel G. Clark bought 9,250 shares of the company’s stock in a transaction on Friday, March 28th. The shares were bought at an average cost of GBX 215 ($2.86) per share, with a total value of £19,887.50 ($26,456.70). Also, insider Nathan Zommer purchased 100,000 shares of CML Microsystems stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of GBX 220 ($2.93) per share, with a total value of £220,000 ($292,669.95). 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.