Morgan Advanced Materials plc (LON:MGAM - Get Free Report) insider Pete Raby sold 48,253 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of GBX 204 ($2.64), for a total value of £98,436.12 ($127,277.11).
Morgan Advanced Materials Price Performance
LON:MGAM traded down GBX 6.50 ($0.08) during trading hours on Monday, reaching GBX 203.50 ($2.63). The company had a trading volume of 1,962,595 shares, compared to its average volume of 2,124,547. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31. The stock has a 50-day moving average of GBX 243.78 and a two-hundred day moving average of GBX 257.13. Morgan Advanced Materials plc has a one year low of GBX 198 ($2.56) and a one year high of GBX 347 ($4.49). The firm has a market capitalization of £573.64 million, a PE ratio of 8.38, a PEG ratio of 0.51 and a beta of 1.34.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last posted its earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.33) earnings per share for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. Analysts forecast that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.
Morgan Advanced Materials Increases Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, May 13th. Investors of record on Thursday, April 10th will be issued a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 3.17%. This is a boost from Morgan Advanced Materials's previous dividend of $5.40. The ex-dividend date of this dividend is Thursday, April 10th. Morgan Advanced Materials's dividend payout ratio (DPR) is currently 49.39%.
Wall Street Analyst Weigh In
Several research analysts recently commented on MGAM shares. Citigroup raised their target price on Morgan Advanced Materials from GBX 325 ($4.20) to GBX 330 ($4.27) and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada reduced their price objective on shares of Morgan Advanced Materials from GBX 320 ($4.14) to GBX 265 ($3.43) and set an "outperform" rating for the company in a report on Monday, March 3rd.
Read Our Latest Analysis on Morgan Advanced Materials
About Morgan Advanced Materials
(
Get Free Report)
Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013.
See Also
Before you consider Morgan Advanced Materials, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Morgan Advanced Materials wasn't on the list.
While Morgan Advanced Materials currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
