Shares of Morgan Advanced Materials plc (LON:MGAM - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 282.48 ($3.48) and traded as low as GBX 255.50 ($3.15). Morgan Advanced Materials shares last traded at GBX 259.44 ($3.20), with a volume of 527,010 shares.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada decreased their price objective on shares of Morgan Advanced Materials from GBX 350 ($4.32) to GBX 320 ($3.95) and set an "outperform" rating on the stock in a report on Thursday, November 7th.
Check Out Our Latest Stock Analysis on Morgan Advanced Materials
Morgan Advanced Materials Price Performance
The company has a fifty day simple moving average of GBX 263.93 and a two-hundred day simple moving average of GBX 282.48. The stock has a market capitalization of £739.86 million, a price-to-earnings ratio of 1,083.33, a PEG ratio of 0.51 and a beta of 1.34. The company has a debt-to-equity ratio of 93.89, a quick ratio of 1.26 and a current ratio of 2.19.
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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