Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s stock price traded down 16.2% during trading on Saturday . The company traded as low as GBX 198 ($2.55) and last traded at GBX 214.51 ($2.77). 8,720,610 shares were traded during mid-day trading, an increase of 451% from the average session volume of 1,583,410 shares. The stock had previously closed at GBX 256 ($3.30).
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Citigroup lifted their price target on Morgan Advanced Materials from GBX 325 ($4.19) to GBX 330 ($4.25) and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Royal Bank of Canada decreased their price target on Morgan Advanced Materials from GBX 320 ($4.12) to GBX 265 ($3.42) and set an "outperform" rating for the company in a research note on Monday.
View Our Latest Stock Analysis on MGAM
Morgan Advanced Materials Stock Performance
The stock has a fifty day moving average price of GBX 262.26 and a two-hundred day moving average price of GBX 268.84. The company has a market cap of £620.15 million, a P/E ratio of 9.05, a PEG ratio of 0.51 and a beta of 1.34. The company has a debt-to-equity ratio of 103.31, a current ratio of 2.19 and a quick ratio of 1.26.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.33) earnings per share for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. On average, 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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