Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 284.48 ($3.48) and traded as low as GBX 250 ($3.06). Morgan Advanced Materials shares last traded at GBX 252.18 ($3.09), with a volume of 782,078 shares traded.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada decreased their price objective on Morgan Advanced Materials from GBX 350 ($4.28) to GBX 320 ($3.92) and set an "outperform" rating for the company in a report on Thursday, November 7th.
Read Our Latest Stock Report on Morgan Advanced Materials
Morgan Advanced Materials Trading Up 0.8 %
The company has a debt-to-equity ratio of 93.89, a quick ratio of 1.26 and a current ratio of 2.19. The stock has a market capitalization of £718.60 million, a price-to-earnings ratio of 1,052.21, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The business has a fifty day simple moving average of GBX 263 and a 200 day simple moving average of GBX 284.48.
About Morgan Advanced Materials
(
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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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