Shares of Morgan Advanced Materials plc (LON:MGAM - Get Free Report) traded down 14.6% during trading on Friday . The company traded as low as GBX 198 ($2.53) and last traded at GBX 218.73 ($2.80). 7,247,775 shares were traded during mid-day trading, an increase of 368% from the average session volume of 1,548,342 shares. The stock had previously closed at GBX 256 ($3.27).
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Royal Bank of Canada cut their target price on shares of Morgan Advanced Materials from GBX 320 ($4.09) to GBX 265 ($3.39) and set an "outperform" rating on the stock in a research note on Monday. Citigroup lifted their price target on shares of Morgan Advanced Materials from GBX 325 ($4.16) to GBX 330 ($4.22) and gave the stock a "buy" rating in a research note on Thursday, January 23rd.
Get Our Latest Stock Analysis on Morgan Advanced Materials
Morgan Advanced Materials Stock Performance
The company has a market capitalization of £606.05 million, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The company has a debt-to-equity ratio of 103.31, a quick ratio of 1.26 and a current ratio of 2.19. The company's fifty day simple moving average is GBX 263.22 and its two-hundred day simple moving average is GBX 269.48.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.33) earnings per share for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. Equities research analysts predict that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal year.
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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