Morgan Advanced Materials (LON:MGAM) Releases Earnings Results

Morgan Advanced Materials (LON:MGAM - Get Free Report) posted its earnings results on Friday. The company reported GBX 25.50 ($0.33) earnings per share for the quarter, Digital Look Earnings reports. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%.

Morgan Advanced Materials Price Performance

MGAM stock traded up GBX 1 ($0.01) during midday trading on Tuesday, reaching GBX 215 ($2.75). 2,097,789 shares of the company's stock traded hands, compared to its average volume of 1,626,025. The company has a 50-day simple moving average of GBX 263.22 and a two-hundred day simple moving average of GBX 269.48. The company has a market cap of £606.05 million, a price-to-earnings ratio of 8.85, a PEG ratio of 0.51 and a beta of 1.34. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31. Morgan Advanced Materials has a 1-year low of GBX 198 ($2.53) and a 1-year high of GBX 347 ($4.44).

Analysts Set New Price Targets

MGAM has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Morgan Advanced Materials from GBX 325 ($4.16) to GBX 330 ($4.22) and gave the company a "buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada reduced their price target on shares of Morgan Advanced Materials from GBX 320 ($4.09) to GBX 265 ($3.39) and set an "outperform" rating on the stock in a research report on Monday.

About Morgan Advanced Materials

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.