CML Microsystems (LON:CML) Receives House Stock Rating from Shore Capital Group

CML Microsystems (LON:CML)‘s stock had its “house stock” rating reiterated by equities research analysts at Shore Capital Group in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They presently have a GBX 223 target price on the stock. Shore Capital Group’s price objective would indicate a potential upside of 10.82% from the stock’s previous close.

CML Microsystems Stock Performance

Shares of CML traded down GBX 21.78 on Wednesday, reaching GBX 201.23. The company’s stock had a trading volume of 94,162 shares, compared to its average volume of 33,707. The company has a debt-to-equity ratio of 4.04, a current ratio of 3.33 and a quick ratio of 6.38. The stock has a market capitalization of £33.42 million, a P/E ratio of 28.30 and a beta of 0.07. The stock’s 50 day simple moving average is GBX 236.42 and its two-hundred day simple moving average is GBX 270.85. CML Microsystems has a 12-month low of GBX 194 and a 12-month high of GBX 350.

CML Microsystems Company Profile

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.