Shares of Morgan Advanced Materials plc (LON:MGAM - Get Free Report) traded down 15.6% during trading on Friday . The company traded as low as GBX 198 ($2.52) and last traded at GBX 216.02 ($2.75). 6,668,688 shares were traded during mid-day trading, an increase of 335% from the average session volume of 1,534,555 shares. The stock had previously closed at GBX 256 ($3.25).
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on MGAM shares. Royal Bank of Canada reduced 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 note on Monday. Citigroup raised their target price on shares of Morgan Advanced Materials from GBX 325 ($4.13) to GBX 330 ($4.19) and gave the company a "buy" rating in a research report on Thursday, January 23rd.
Read Our Latest Report on Morgan Advanced Materials
Morgan Advanced Materials Stock Up 0.5 %
The firm has a market capitalization of £606.05 million, a price-to-earnings ratio of 8.85, 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 current ratio of 2.19 and a quick ratio of 1.26. The stock has a fifty day moving average of GBX 264.28 and a two-hundred day moving average of GBX 270.17.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last issued 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 anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share 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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