CML Microsystems (LON:CML) Stock Price Down 1.5% – Here’s What Happened

Shares of CML Microsystems plc (LON:CML) dropped 1.5% during mid-day trading on Tuesday . The company traded as low as GBX 258.60 ($3.29) and last traded at GBX 258.60 ($3.29). Approximately 5,167 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 21,143 shares. The stock had previously closed at GBX 262.50 ($3.34).

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of CML Microsystems in a report on Tuesday, November 19th.

CML Microsystems Trading Down 1.5 %

The company has a debt-to-equity ratio of 1.68, a quick ratio of 6.38 and a current ratio of 3.63. The company has a market capitalization of £42.46 million, a PE ratio of 1,989.23 and a beta of 0.81. The stock has a fifty day moving average of GBX 257.61 and a 200 day moving average of GBX 293.63.

CML Microsystems Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 28th were issued a GBX 5 ($0.06) dividend. This represents a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, November 28th. CML Microsystems’s dividend payout ratio (DPR) is presently 8,461.54%.

Insider Buying and Selling

In other news, insider Nigel G. Clark bought 7,310 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were bought at an average cost of GBX 271 ($3.45) per share, for a total transaction of £19,810.10 ($25,184.46). 43.34% of the stock is owned by company insiders.

CML Microsystems Company Profile

CML Microsystems plc, through its subsidiaries, designs, manufactures, and markets a range of semiconductor products for use in communications industries in the United Kingdom, the Americas, and Far East. It primarily offers high performance radio frequency products and mixed-signal baseband/modem processors for wireless and satellite, network infrastructure, internet of things, broadcast, and aerospace and defense markets.