Morgan Advanced Materials plc (LON:MGAM - Get Free Report) was up 0.6% during trading on Thursday . The company traded as high as GBX 270 ($3.39) and last traded at GBX 270 ($3.39). Approximately 10,476 shares were traded during trading, a decline of 99% from the average daily volume of 804,052 shares. The stock had previously closed at GBX 268.50 ($3.38).
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Morgan Advanced Materials from GBX 335 ($4.21) to GBX 320 ($4.02) and set a "hold" rating on the stock in a research report on Friday, September 13th. Royal Bank of Canada decreased their target price on Morgan Advanced Materials from GBX 350 ($4.40) to GBX 320 ($4.02) and set an "outperform" rating on the stock in a research report on Thursday, November 7th.
Check Out Our Latest Stock Report on Morgan Advanced Materials
Morgan Advanced Materials Stock Down 0.8 %
The firm's fifty day simple moving average is GBX 258.56 and its two-hundred day simple moving average is GBX 290.08. 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 market capitalization of £762.28 million, a price-to-earnings ratio of 1,116.17, a price-to-earnings-growth 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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