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CML Microsystems ( (GB:CML) ) has issued an announcement.
CML Microsystems has announced the issuance of new ordinary shares to Non-Executive Director Nathan Zommer, in lieu of a deferred cash payment related to the acquisition of Microwave Technology, Inc. This move, agreed upon by the board, reflects Zommer’s confidence in CML’s growth potential and aligns his interests with those of the shareholders. The issuance of 559,134 shares at 262p each underscores the company’s strategic ambitions and strengthens its market positioning. The new shares are set to be admitted to trading on AIM, increasing the total voting rights to 16,584,773 ordinary shares.
The most recent analyst rating on (GB:CML) stock is a Hold with a £263.00 price target. To see the full list of analyst forecasts on CML Microsystems stock, see the GB:CML Stock Forecast page.
Spark’s Take on GB:CML Stock
According to Spark, TipRanks’ AI Analyst, GB:CML is a Neutral.
CML Microsystems’ overall stock score is primarily impacted by its financial performance challenges, including negative profitability and cash flow issues. The technical analysis suggests a bearish trend with weak momentum, while the valuation reflects a negative P/E ratio but offers a decent dividend yield. The absence of earnings call data and notable corporate events limits further insights.
To see Spark’s full report on GB:CML stock, click here.
More about CML Microsystems
CML Microsystems Plc develops mixed-signal, RF, and microwave semiconductors for global communications markets. The company combines outsourced manufacturing with in-house testing and operates in the UK, Asia, and the USA. CML targets high-growth sub-segments within the communications market and has a diverse customer base, including leading commercial and industrial product manufacturers. The company is cash-generative, debt-free, and pays dividends.
Average Trading Volume: 21,865
Technical Sentiment Signal: Strong Sell
Current Market Cap: £40.87M
For detailed information about CML stock, go to TipRanks’ Stock Analysis page.