Shares of Morgan Advanced Materials plc (LON:MGAM - Get Free Report) were down 16.2% during trading 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 mid-day 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).
Analyst Ratings Changes
A number of brokerages recently weighed in on MGAM. Royal Bank of Canada dropped their price objective on shares of Morgan Advanced Materials from GBX 320 ($4.12) to GBX 265 ($3.42) and set an "outperform" rating for the company in a report on Monday. 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.
Read Our Latest Research Report on Morgan Advanced Materials
Morgan Advanced Materials Stock Performance
The company has a market capitalization of £620.15 million, a price-to-earnings ratio of 9.05, a PEG ratio of 0.51 and a beta of 1.34. 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 stock has a 50 day simple moving average of GBX 262.26 and a two-hundred day simple moving average of GBX 268.84.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last posted its 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 anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.
Morgan Advanced Materials Company Profile
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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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