CML Microsystems (LON:CML) Posts Quarterly Earnings Results

CML Microsystems (LON:CML) released its earnings results on Wednesday. The company reported GBX (0.33) earnings per share for the quarter, Digital Look Earnings reports. CML Microsystems had a net margin of 5.77% and a return on equity of 2.29%. The company had revenue of GBX 2,045 million during the quarter.

CML Microsystems Price Performance

Shares of CML traded down GBX 15.50 on Wednesday, hitting GBX 279.50. The company’s stock had a trading volume of 144,536 shares, compared to its average volume of 48,048. The company has a market capitalization of £46.56 million, a PE ratio of 39.31 and a beta of 0.20. The company has a debt-to-equity ratio of 4.04, a current ratio of 3.33 and a quick ratio of 6.38. CML Microsystems has a fifty-two week low of GBX 194 and a fifty-two week high of GBX 380. The company has a 50 day moving average price of GBX 274.76 and a 200 day moving average price of GBX 264.96.

Analysts Set New Price Targets

Separately, Shore Capital Group restated a “house stock” rating on shares of CML Microsystems in a research note on Wednesday.

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. It has secured a diverse, blue chip customer base, including some of the world’s leading commercial and industrial product manufacturers.

The spread of its customers and diversity of the product range largely protects the business from the cyclicality usually associated with the semiconductor industry.