Morgan Advanced Materials (LON:MGAM) Shares Down 16.2% - What's Next?

Morgan Advanced Materials plc (LON:MGAM - Get Free Report) shares were down 16.2% during 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 were traded 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).

Analyst Ratings Changes

MGAM has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their price objective on Morgan Advanced Materials from GBX 320 ($4.09) to GBX 265 ($3.39) and set an "outperform" rating on the stock in a research report on Monday. 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 report on Thursday, January 23rd.

Morgan Advanced Materials Stock Up 2.3 %

The company's fifty day simple moving average is GBX 263.22 and its 200 day simple moving average is GBX 269.48. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31. The firm has a market capitalization of £620.15 million, a PE ratio of 9.05, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34.

Morgan Advanced Materials (LON:MGAM - Get Free Report) last announced its earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.33) 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%. Analysts anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal 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.