Morgan Advanced Materials plc (LON:MGAM - Get Free Report) shares traded down 17.2% on Friday . The company traded as low as GBX 198 ($2.53) and last traded at GBX 212 ($2.71). 6,172,535 shares traded hands during mid-day trading, an increase of 305% from the average session volume of 1,522,205 shares. The stock had previously closed at GBX 256 ($3.27).
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. Royal Bank of Canada dropped their price target on Morgan Advanced Materials from GBX 320 ($4.09) to GBX 265 ($3.39) and set an "outperform" rating on the stock in a research note on Monday. Citigroup upped their price target on Morgan Advanced Materials from GBX 325 ($4.16) to GBX 330 ($4.22) and gave the stock a "buy" rating in a research note on Thursday, January 23rd.
View Our Latest Report on MGAM
Morgan Advanced Materials Price Performance
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's 50 day moving average price is GBX 263.22 and its 200 day moving average price is GBX 269.48. The company has a market cap of £606.05 million, a price-to-earnings ratio of 8.85, a P/E/G ratio of 0.51 and a beta of 1.34.
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) 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 research analysts predict 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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