Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s stock price traded down 17.2% on Friday . The stock traded as low as GBX 198 ($2.53) and last traded at GBX 212 ($2.71). 6,172,535 shares changed hands during mid-day trading, an increase of 305% from the average session volume of 1,522,205 shares. The stock had previously closed at GBX 256 ($3.27).
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Citigroup lifted their price target on Morgan Advanced Materials from GBX 325 ($4.16) to GBX 330 ($4.22) and gave the company a "buy" rating in a research note on Thursday, January 23rd. Royal Bank of Canada lowered their target price on Morgan Advanced Materials from GBX 320 ($4.09) to GBX 265 ($3.39) and set an "outperform" rating for the company in a report on Monday.
Get Our Latest Research Report on Morgan Advanced Materials
Morgan Advanced Materials Stock Performance
The company has a 50-day simple moving average of GBX 263.22 and a two-hundred day simple moving average of GBX 269.48. 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 firm has a market cap of £606.05 million, a PE ratio of 8.85, a PEG ratio of 0.51 and a beta of 1.34.
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 return on equity of 19.02% and a net margin of 6.17%. As a group, equities research analysts forecast that Morgan Advanced Materials plc will post 32.5 earnings per share for the current 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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