Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s share price traded down 14.6% during mid-day trading on Friday . The stock traded as low as GBX 198 ($2.52) and last traded at GBX 218.73 ($2.78). 7,247,775 shares traded hands during trading, an increase of 368% from the average session volume of 1,548,342 shares. The stock had previously closed at GBX 256 ($3.25).
Wall Street Analysts Forecast Growth
MGAM has been the subject of several recent research reports. Royal Bank of Canada lowered their price target on Morgan Advanced Materials from GBX 320 ($4.07) to GBX 265 ($3.37) and set an "outperform" rating for the company in a research note on Monday. Citigroup boosted their target price on shares of Morgan Advanced Materials from GBX 325 ($4.13) to GBX 330 ($4.19) and gave the stock a "buy" rating in a research report on Thursday, January 23rd.
Read Our Latest Report on MGAM
Morgan Advanced Materials Stock Up 0.5 %
The company has a market cap of £606.05 million, a price-to-earnings ratio of 8.85, a PEG ratio of 0.51 and a beta of 1.34. The business has a 50-day simple moving average of GBX 264.28 and a two-hundred day simple moving average of GBX 270.17. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last posted its earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.32) earnings per share 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 analysts forecast that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal 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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