Morgan Advanced Materials plc (LON:MGAM - Get Free Report) insider Pete Raby acquired 13,500 shares of the stock in a transaction dated Friday, April 4th. The shares were bought at an average price of GBX 182 ($2.38) per share, with a total value of £24,570 ($32,159.69).
Pete Raby also recently made the following trade(s):
- On Tuesday, March 25th, Pete Raby sold 48,253 shares of Morgan Advanced Materials stock. The shares were sold at an average price of GBX 204 ($2.67), for a total transaction of £98,436.12 ($128,843.09).
Morgan Advanced Materials Stock Down 0.7 %
MGAM traded down GBX 1.20 ($0.02) during midday trading on Friday, hitting GBX 180.60 ($2.36). The company had a trading volume of 997,717 shares, compared to its average volume of 2,010,214. The stock's 50 day moving average price is GBX 225.27 and its 200 day moving average price is GBX 249.75. Morgan Advanced Materials plc has a 52 week low of GBX 171.20 ($2.24) and a 52 week high of GBX 347 ($4.54). The company has a market capitalization of £509.08 million, a price-to-earnings ratio of 7.43, a PEG ratio of 0.51 and a beta of 1.34. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last issued its earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.33) EPS for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. On average, research analysts anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal year.
Morgan Advanced Materials Increases Dividend
The firm also recently announced a dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Thursday, April 10th will be given a dividend of GBX 6.80 ($0.09) per share. The ex-dividend date is Thursday, April 10th. This is an increase from Morgan Advanced Materials's previous dividend of $5.40. This represents a dividend yield of 3.17%. Morgan Advanced Materials's payout ratio is presently 49.39%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Morgan Advanced Materials from GBX 325 ($4.25) to GBX 330 ($4.32) and gave the company a "buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada dropped their price objective on Morgan Advanced Materials from GBX 320 ($4.19) to GBX 265 ($3.47) and set an "outperform" rating on the stock in a research note on Monday, March 3rd.
View Our Latest Research Report on Morgan Advanced Materials
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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