Morgan Advanced Materials plc (LON:MGAM - Get Free Report) shares fell 16.8% on Friday . The stock traded as low as GBX 198 ($2.52) and last traded at GBX 213 ($2.71). 7,340,435 shares changed hands during mid-day trading, an increase of 373% from the average session volume of 1,550,549 shares. The stock had previously closed at GBX 256 ($3.25).
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Royal Bank of Canada dropped their price target on shares of 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 Morgan Advanced Materials from GBX 325 ($4.13) to GBX 330 ($4.19) and gave the company a "buy" rating in a research report on Thursday, January 23rd.
View Our Latest Stock Analysis on MGAM
Morgan Advanced Materials Stock Up 0.5 %
The company has a debt-to-equity ratio of 103.31, a quick ratio of 1.26 and a current ratio of 2.19. The company has a fifty day simple moving average of GBX 264.28 and a two-hundred day simple moving average of GBX 270.17. The firm has a market capitalization of £606.05 million, a PE ratio of 8.85, a PEG ratio of 0.51 and a beta of 1.34.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.32) earnings per share for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. Analysts forecast that Morgan Advanced Materials plc will post 32.5 EPS for the current fiscal year.
Morgan Advanced Materials Company Profile
(
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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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