Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 286.42 ($3.56) and traded as low as GBX 267 ($3.32). Morgan Advanced Materials shares last traded at GBX 270.50 ($3.36), with a volume of 384,994 shares trading hands.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Morgan Advanced Materials from GBX 335 ($4.16) to GBX 320 ($3.98) and set a "hold" rating on the stock in a report on Friday, September 13th. Royal Bank of Canada dropped their price target on Morgan Advanced Materials from GBX 350 ($4.35) to GBX 320 ($3.98) and set an "outperform" rating for the company in a research report on Thursday, November 7th.
Check Out Our Latest Report on Morgan Advanced Materials
Morgan Advanced Materials Stock Down 0.4 %
The stock has a market capitalization of £769.73 million, a price-to-earnings ratio of 1,127.08, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 93.89. The business's 50-day moving average is GBX 260.73 and its two-hundred day moving average is GBX 286.42.
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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