Shore Capital Group Reaffirms “House Stock” Rating for CML Microsystems (LON:CML)

CML Microsystems (LON:CML)‘s stock had its “house stock” rating reiterated by investment analysts at Shore Capital Group in a research note issued on Wednesday,Digital Look reports.

CML Microsystems Stock Down 7.5%

CML stock opened at GBX 273 on Wednesday. The company has a quick ratio of 6.38, a current ratio of 3.33 and a debt-to-equity ratio of 4.04. CML Microsystems has a fifty-two week low of GBX 194 and a fifty-two week high of GBX 380. The firm’s 50-day simple moving average is GBX 274.76 and its 200 day simple moving average is GBX 264.96. The stock has a market cap of £45.48 million, a PE ratio of 38.40 and a beta of 0.20.

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.