Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s share price fell 19.9% during trading on Friday . The stock traded as low as GBX 198 ($2.53) and last traded at GBX 205 ($2.62). 5,194,462 shares traded hands during trading, an increase of 246% from the average session volume of 1,499,454 shares. The stock had previously closed at GBX 256 ($3.27).
Analysts Set New Price Targets
Several research firms have recently commented on MGAM. Royal Bank of Canada lowered their price target 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 company a "buy" rating in a research report on Thursday, January 23rd.
Check Out Our Latest Report on Morgan Advanced Materials
Morgan Advanced Materials Stock Up 0.5 %
The stock's 50-day moving average is GBX 263.22 and its 200-day moving average is GBX 269.48. The stock has a market cap of £606.05 million, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. 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 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 net margin of 6.17% and a return on equity of 19.02%. As a group, research analysts anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal year.
Morgan Advanced Materials Company Profile
(
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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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