Morgan Advanced Materials plc (LON:MGAM - Get Free Report) shares were down 16.2% during mid-day trading on Saturday . The company traded as low as GBX 198 ($2.53) and last traded at GBX 214.51 ($2.74). Approximately 8,720,610 shares traded hands during trading, an increase of 451% from the average daily volume of 1,583,410 shares. The stock had previously closed at GBX 256 ($3.27).
Wall Street Analyst Weigh In
MGAM has been the topic of a number of recent research reports. Citigroup lifted 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 cut their target price 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 note on Monday.
Check Out Our Latest Research Report on Morgan Advanced Materials
Morgan Advanced Materials Stock Up 2.3 %
The stock has a market capitalization of £620.15 million, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The firm has a 50-day moving average of GBX 263.22 and a 200 day moving average of GBX 269.48. The company has a current ratio of 2.19, a quick ratio of 1.26 and a debt-to-equity ratio of 103.31.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last posted 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, sell-side analysts anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.
About Morgan Advanced Materials
(
Get Free Report)
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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