Morgan Advanced Materials plc (LON:MGAM) Insider Sells £31,833.92 in Stock

Morgan Advanced Materials plc (LON:MGAM - Get Free Report) insider Damien Caby sold 15,016 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of GBX 212 ($2.87), for a total transaction of £31,833.92 ($43,141.24).

Morgan Advanced Materials Trading Down 1.2%

Shares of LON MGAM traded down GBX 2.68 ($0.04) during midday trading on Thursday, reaching GBX 212.32 ($2.88). 202,779 shares of the stock were exchanged, compared to its average volume of 1,582,405. The company has a debt-to-equity ratio of 103.31, a current ratio of 2.19 and a quick ratio of 1.26. Morgan Advanced Materials plc has a 12 month low of GBX 171.20 ($2.32) and a 12 month high of GBX 347 ($4.70). The business has a 50-day simple moving average of GBX 198.54 and a two-hundred day simple moving average of GBX 234.67. The company has a market capitalization of £598.50 million, a price-to-earnings ratio of 8.74, a P/E/G ratio of 0.51 and a beta of 1.34.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reduced their target price on shares of Morgan Advanced Materials from GBX 320 ($4.34) to GBX 265 ($3.59) and set an "outperform" rating on the stock in a research report on Monday, March 3rd.

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.