Morgan Advanced Materials plc (LON:MGAM - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 248.31 ($3.30) and traded as low as GBX 184.80 ($2.46). Morgan Advanced Materials shares last traded at GBX 186.60 ($2.48), with a volume of 619,087 shares changing hands.
Analyst Ratings Changes
MGAM has been the topic of a number of analyst reports. Royal Bank of Canada decreased their price objective on shares of Morgan Advanced Materials from GBX 320 ($4.26) to GBX 265 ($3.52) and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Citigroup boosted their price target on Morgan Advanced Materials from GBX 325 ($4.32) to GBX 330 ($4.39) and gave the company a "buy" rating in a report on Thursday, January 23rd.
Read Our Latest Analysis on Morgan Advanced Materials
Morgan Advanced Materials Stock Performance
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's fifty day moving average is GBX 217.03 and its two-hundred day moving average is GBX 246.40. The firm has a market cap of £516.98 million, a P/E ratio of 7.55, a PEG ratio of 0.51 and a beta of 1.34.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last announced its earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.34) earnings per share for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. Analysts predict that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal year.
Morgan Advanced Materials Increases Dividend
The company also recently announced a dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Thursday, April 10th will be issued a dividend of GBX 6.80 ($0.09) per share. This is an increase from Morgan Advanced Materials's previous dividend of $5.40. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 3.17%. Morgan Advanced Materials's dividend payout ratio is 49.39%.
Insider Transactions at Morgan Advanced Materials
In other Morgan Advanced Materials news, insider Pete Raby bought 13,500 shares of Morgan Advanced Materials stock in a transaction dated Friday, April 4th. The shares were purchased at an average cost of GBX 182 ($2.42) per share, with a total value of £24,570 ($32,681.56). Corporate insiders own 1.69% of the company's stock.
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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