Morgan Advanced Materials plc (LON:MGAM - Get Free Report) traded down 16.2% during mid-day 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 mid-day 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).
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Citigroup boosted their target price on Morgan Advanced Materials from GBX 325 ($4.19) to GBX 330 ($4.25) and gave the company a "buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada cut their price objective 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.
Check Out Our Latest Analysis on Morgan Advanced Materials
Morgan Advanced Materials Stock Up 2.3 %
The company has a debt-to-equity ratio of 103.31, a current ratio of 2.19 and a quick ratio of 1.26. The company has a market cap of £620.15 million, a price-to-earnings ratio of 9.05, a P/E/G ratio of 0.51 and a beta of 1.34. The firm's 50 day simple moving average is GBX 262.26 and its 200-day simple moving average is GBX 268.84.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last released its quarterly earnings data 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, sell-side analysts anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share 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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