Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 299.13 ($3.77) and traded as low as GBX 251.50 ($3.17). Morgan Advanced Materials shares last traded at GBX 256 ($3.23), with a volume of 890,252 shares changing hands.
Analyst Ratings Changes
A number of brokerages have recently issued reports on MGAM. Royal Bank of Canada lowered their price target on Morgan Advanced Materials from GBX 350 ($4.41) to GBX 320 ($4.03) and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Morgan Advanced Materials from GBX 335 ($4.22) to GBX 320 ($4.03) and set a "hold" rating on the stock in a research note on Friday, September 13th.
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Morgan Advanced Materials Trading Up 1.6 %
The company has a current ratio of 2.19, a quick ratio of 1.26 and a debt-to-equity ratio of 93.89. The company has a fifty day moving average price of GBX 264.49 and a two-hundred day moving average price of GBX 298.79. The firm has a market capitalization of £728.47 million, a price-to-earnings ratio of 1,066.67, a PEG ratio of 0.51 and a beta of 1.34.
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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