Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 193.80 ($2.47) and last traded at GBX 197.40 ($2.51), with a volume of 481692 shares traded. The stock had previously closed at GBX 198.80 ($2.53).
Wall Street Analysts Forecast Growth
Several research firms have weighed in on MGAM. Citigroup raised their target price on shares of Morgan Advanced Materials from GBX 325 ($4.14) to GBX 330 ($4.20) and gave the company a "buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada lowered their price target on shares of Morgan Advanced Materials from GBX 320 ($4.07) to GBX 265 ($3.37) and set an "outperform" rating on the stock in a research report on Monday, March 3rd.
Check Out Our Latest Analysis on MGAM
Morgan Advanced Materials Trading Down 2.3 %
The company has a market capitalization of £501.76 million, a PE ratio of 7.33, a P/E/G ratio of 0.51 and a beta of 1.34. The company has a debt-to-equity ratio of 103.31, a quick ratio of 1.26 and a current ratio of 2.19. The business has a fifty day moving average price of GBX 235.47 and a 200 day moving average price of GBX 253.26.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last announced its earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.32) EPS for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. Analysts expect that Morgan Advanced Materials plc will post 32.5 EPS for the current fiscal year.
Morgan Advanced Materials Increases Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Thursday, April 10th will be paid a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 3.17%. This is an increase from Morgan Advanced Materials's previous dividend of $5.40. The ex-dividend date is Thursday, April 10th. Morgan Advanced Materials's dividend payout ratio is 49.39%.
Insider Activity
In other Morgan Advanced Materials news, insider Pete Raby sold 48,253 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of GBX 204 ($2.60), for a total value of £98,436.12 ($125,300.56). Company insiders own 1.69% of the company's stock.
Morgan Advanced Materials Company Profile
(
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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.
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