Morgan Advanced Materials (LON:MGAM) Stock Price Down 17.9% - Should You Sell?

Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s stock price traded down 17.9% during mid-day trading on Friday . The company traded as low as GBX 198 ($2.53) and last traded at GBX 210.12 ($2.69). 6,133,187 shares traded hands during trading, an increase of 303% from the average session volume of 1,521,805 shares. The stock had previously closed at GBX 256 ($3.27).

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Royal Bank of Canada decreased their target price on Morgan Advanced Materials from GBX 320 ($4.09) to GBX 265 ($3.39) and set an "outperform" rating for the company in a report on Monday. Citigroup boosted their target price on Morgan Advanced Materials from GBX 325 ($4.16) to GBX 330 ($4.22) and gave the stock a "buy" rating in a report on Thursday, January 23rd.

Morgan Advanced Materials Stock Performance

The stock has a market cap of £606.05 million, a PE ratio of 8.85, a PEG ratio of 0.51 and a beta of 1.34. The stock has a fifty day simple moving average of GBX 263.22 and a two-hundred day simple moving average of GBX 269.48. 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) earnings per share (EPS) for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. Equities analysts anticipate that Morgan Advanced Materials plc will post 32.5 EPS for the current fiscal year.

Morgan Advanced Materials Company Profile

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.