Morgan Advanced Materials plc (LON:MGAM - Get Free Report) dropped 20.5% on Friday . The company traded as low as GBX 201 ($2.57) and last traded at GBX 203.52 ($2.60). Approximately 3,990,261 shares traded hands during mid-day trading, an increase of 171% from the average daily volume of 1,470,783 shares. The stock had previously closed at GBX 256 ($3.27).
Wall Street Analyst Weigh In
MGAM has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price target 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. Citigroup increased their target price 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.
Check Out Our Latest Report on MGAM
Morgan Advanced Materials Stock Performance
The company has a market capitalization of £606.05 million, a PE ratio of 8.85, a PEG ratio of 0.51 and a beta of 1.34. The company has a debt-to-equity ratio of 103.31, a quick ratio of 1.26 and a current ratio of 2.19. The company has a 50 day moving average price of GBX 263.22 and a 200 day moving average price of GBX 269.48.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last released its earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.33) EPS for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. Equities analysts forecast that Morgan Advanced Materials plc will post 32.5 EPS 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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