Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s stock price was down 16.3% on Friday . The company traded as low as GBX 198 ($2.53) and last traded at GBX 214.30 ($2.74). Approximately 6,458,723 shares changed hands during mid-day trading, an increase of 322% from the average daily volume of 1,529,555 shares. The stock had previously closed at GBX 256 ($3.27).
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on MGAM shares. Citigroup upped their target price on shares of Morgan Advanced Materials from GBX 325 ($4.16) to GBX 330 ($4.22) and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada cut their price objective on shares of Morgan Advanced Materials from GBX 320 ($4.09) to GBX 265 ($3.39) and set an "outperform" rating on the stock in a research report on Monday.
Read Our Latest Stock Report on Morgan Advanced Materials
Morgan Advanced Materials Stock Up 0.5 %
The company's 50-day moving average is GBX 263.22 and its 200 day moving average is GBX 269.48. The company has a market capitalization of £606.05 million, a PE ratio of 8.85, a P/E/G ratio of 0.51 and a beta of 1.34. The company has a debt-to-equity ratio of 103.31, a quick ratio of 1.26 and a current ratio of 2.19.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.33) EPS for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. As a group, analysts anticipate that Morgan Advanced Materials plc will post 32.5 EPS for the current year.
About Morgan Advanced Materials
(
Get Free Report)
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.
See Also
Before you consider Morgan Advanced Materials, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Morgan Advanced Materials wasn't on the list.
While Morgan Advanced Materials currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
