Shares of Morgan Advanced Materials plc (LON:MGAM - Get Free Report) were down 2.8% during mid-day trading on Friday . The company traded as low as GBX 254.50 ($3.26) and last traded at GBX 255.70 ($3.27). Approximately 544,067 shares changed hands during trading, a decline of 61% from the average daily volume of 1,409,332 shares. The stock had previously closed at GBX 263 ($3.36).
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on MGAM shares. Royal Bank of Canada lowered their target price 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 report on Monday. Citigroup upped their price target 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 report on Thursday, January 23rd.
Read Our Latest Stock Report on Morgan Advanced Materials
Morgan Advanced Materials Trading Up 0.5 %
The firm's 50-day simple moving average is GBX 263.22 and its 200-day simple moving average is GBX 269.48. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31. The firm has a market capitalization of £606.05 million, a PE ratio of 8.85, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last posted its earnings results 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 expect that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.
Morgan Advanced Materials Company Profile
(
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.
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