Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 274.82 ($3.48) and traded as low as GBX 270.50 ($3.43). Morgan Advanced Materials shares last traded at GBX 272.50 ($3.45), with a volume of 1,139,115 shares trading hands.
Analysts Set New Price Targets
MGAM has been the subject of a number of recent analyst reports. Citigroup upped their price objective on Morgan Advanced Materials from GBX 325 ($4.12) to GBX 330 ($4.18) and gave the company a "buy" rating in a research note on Thursday, January 23rd. Royal Bank of Canada dropped their price target on Morgan Advanced Materials from GBX 350 ($4.43) to GBX 320 ($4.05) and set an "outperform" rating on the stock in a research report on Thursday, November 7th.
Check Out Our Latest Stock Analysis on MGAM
Morgan Advanced Materials Stock Down 0.2 %
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 stock has a market capitalization of £754.04 million, a PE ratio of 11.01, a PEG ratio of 0.51 and a beta of 1.34. The company has a 50 day moving average price of GBX 267.10 and a 200-day moving average price of GBX 273.43.
About Morgan Advanced Materials
(
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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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