Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s stock price was down 16.2% on Saturday . The stock traded as low as GBX 198 ($2.55) and last traded at GBX 214.51 ($2.77). Approximately 8,720,610 shares changed hands during trading, an increase of 451% from the average daily volume of 1,583,410 shares. The stock had previously closed at GBX 256 ($3.30).
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on MGAM shares. Citigroup raised their target price on shares of Morgan Advanced Materials from GBX 325 ($4.19) to GBX 330 ($4.25) and gave the company a "buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada decreased their price target on shares of Morgan Advanced Materials from GBX 320 ($4.12) to GBX 265 ($3.42) and set an "outperform" rating on the stock in a research note on Monday.
View Our Latest Research Report on MGAM
Morgan Advanced Materials Trading Up 2.3 %
The firm has a market capitalization of £620.15 million, a PE ratio of 9.05, a P/E/G 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 103.31. The business's fifty day moving average price is GBX 262.26 and its 200 day moving average price is GBX 268.84.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.33) 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, analysts expect that Morgan Advanced Materials plc will post 32.5 EPS 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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