Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s share price fell 16.2% during mid-day trading on Saturday . The company traded as low as GBX 198 ($2.55) and last traded at GBX 214.51 ($2.77). 8,720,610 shares were traded during mid-day trading, an increase of 451% from the average session volume of 1,583,410 shares. The stock had previously closed at GBX 256 ($3.30).
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on MGAM. Citigroup increased their target price on shares of Morgan Advanced Materials from GBX 325 ($4.19) to GBX 330 ($4.25) and gave the company a "buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada lowered their price target on shares of Morgan Advanced Materials from GBX 320 ($4.12) to GBX 265 ($3.42) and set an "outperform" rating on the stock in a research report on Monday.
Check Out Our Latest Stock Analysis on MGAM
Morgan Advanced Materials Stock Performance
The company has a market cap 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 stock's fifty day simple moving average is GBX 262.26 and its two-hundred day simple moving average is GBX 268.84. The company has a debt-to-equity ratio of 103.31, a quick ratio of 1.26 and a current ratio of 2.19.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last announced its quarterly 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%. Equities research analysts anticipate that Morgan Advanced Materials plc will post 32.5 EPS 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.
Featured Stories
Before you consider Morgan Advanced Materials, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Morgan Advanced Materials wasn't on the list.
While Morgan Advanced Materials currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
