Shares of Morgan Advanced Materials plc (LON:MGAM - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 272.61 ($3.43) and traded as low as GBX 259.50 ($3.26). Morgan Advanced Materials shares last traded at GBX 261.07 ($3.28), with a volume of 759,121 shares traded.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Morgan Advanced Materials from GBX 325 ($4.09) to GBX 330 ($4.15) and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada reduced their price objective on Morgan Advanced Materials from GBX 350 ($4.40) to GBX 320 ($4.02) and set an "outperform" rating on the stock in a research note on Thursday, November 7th.
Check Out Our Latest Analysis on Morgan Advanced Materials
Morgan Advanced Materials Price Performance
The company has a 50 day moving average of GBX 265.32 and a 200-day moving average of GBX 270.85. The stock has a market capitalization of £604.67 million, a P/E ratio of 8.83, 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 (LON:MGAM - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.32) earnings per share (EPS) for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. Sell-side analysts predict that Morgan Advanced Materials plc will post 32.5 EPS for the current year.
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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