Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 244.77 ($3.29) and traded as low as GBX 183.40 ($2.46). Morgan Advanced Materials shares last traded at GBX 185.20 ($2.49), with a volume of 355,312 shares traded.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Citigroup increased their target price on Morgan Advanced Materials from GBX 325 ($4.37) to GBX 330 ($4.43) and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Royal Bank of Canada decreased their price objective on shares of Morgan Advanced Materials from GBX 320 ($4.30) to GBX 265 ($3.56) and set an "outperform" rating for the company in a report on Monday, March 3rd.
Read Our Latest Stock Analysis on MGAM
Morgan Advanced Materials Stock Down 0.5 %
The business's fifty day moving average price is GBX 206.95 and its two-hundred day moving average price is GBX 243.04. 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 firm has a market capitalization of £545.17 million, a P/E ratio of 7.96, a PEG ratio of 0.51 and a beta of 1.34.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last issued its earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.34) earnings per share (EPS) for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. Equities analysts expect that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal year.
Morgan Advanced Materials Increases Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Thursday, April 10th will be issued a GBX 6.80 ($0.09) dividend. This is a boost from Morgan Advanced Materials's previous dividend of $5.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a yield of 3.17%. Morgan Advanced Materials's payout ratio is presently 49.39%.
Insider Activity
In related news, insider Pete Raby sold 48,253 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of GBX 204 ($2.74), for a total transaction of £98,436.12 ($132,253.28). Company insiders own 1.69% of the company's stock.
Morgan Advanced Materials Company Profile
(
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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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