CML Microsystems (LON:CML) Trading 15.7% Higher – What’s Next?

Shares of CML Microsystems plc (LON:CML) traded up 15.7% during mid-day trading on Wednesday . The stock traded as high as GBX 355 and last traded at GBX 353. 189,872 shares were traded during trading, an increase of 366% from the average session volume of 40,776 shares. The stock had previously closed at GBX 305.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reaffirmed a “house stock” rating and set a GBX 223 price target on shares of CML Microsystems in a research note on Wednesday, April 1st.

CML Microsystems Stock Performance

The company has a debt-to-equity ratio of 4.04, a quick ratio of 6.38 and a current ratio of 3.33. The business has a 50 day moving average price of GBX 246.17 and a two-hundred day moving average price of GBX 261.85. The company has a market cap of £58.81 million, a P/E ratio of 49.65 and a beta of 0.12.

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.