Morgan Advanced Materials (LON:MGAM) Shares Down 15.8% - Should You Sell?

Morgan Advanced Materials plc (LON:MGAM - Get Free Report) shares dropped 15.8% during mid-day trading on Friday . The company traded as low as GBX 198 ($2.53) and last traded at GBX 215.49 ($2.76). Approximately 6,666,749 shares were traded during trading, an increase of 334% from the average daily volume of 1,534,508 shares. The stock had previously closed at GBX 256 ($3.27).

Analyst Upgrades and Downgrades

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

Morgan Advanced Materials Price Performance

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 company's 50-day simple moving average is GBX 263.22 and its 200-day simple moving average is GBX 269.48. The company has a market cap 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.

Morgan Advanced Materials (LON:MGAM - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.33) earnings per share (EPS) for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. On average, equities research analysts anticipate that Morgan Advanced Materials plc will post 32.5 EPS for the current year.

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.