Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s stock price traded down 16.2% during trading on Saturday . The company traded as low as GBX 198 ($2.55) and last traded at GBX 214.51 ($2.77). 8,720,610 shares were traded during trading, an increase of 451% from the average session volume of 1,583,410 shares. The stock had previously closed at GBX 256 ($3.30).
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Royal Bank of Canada reduced their price target on Morgan Advanced Materials from GBX 320 ($4.12) to GBX 265 ($3.42) and set an "outperform" rating on the stock in a research report on Monday. Citigroup increased their target price on Morgan Advanced Materials from GBX 325 ($4.19) to GBX 330 ($4.25) and gave the stock a "buy" rating in a report on Thursday, January 23rd.
Read Our Latest Stock Analysis on MGAM
Morgan Advanced Materials Stock Up 2.1 %
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 stock has a 50 day moving average price of GBX 262.26 and a 200 day moving average price of GBX 268.84. The stock has a market capitalization of £611.69 million, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last issued its earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.33) earnings per share (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 forecast that Morgan Advanced Materials plc will post 32.5 EPS for the current year.
About Morgan Advanced Materials
(
Get Free Report)
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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