Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 235.86 ($3.17) and traded as low as GBX 211.38 ($2.84). Morgan Advanced Materials shares last traded at GBX 212 ($2.85), with a volume of 554,099 shares changing hands.
Analysts Set New Price Targets
Separately, Royal Bank of Canada reduced their price objective on shares of Morgan Advanced Materials from GBX 320 ($4.31) to GBX 265 ($3.57) and set an "outperform" rating for the company in a research report on Monday, March 3rd.
Check Out Our Latest Analysis on MGAM
Morgan Advanced Materials Stock Performance
The company has a current ratio of 2.19, a quick ratio of 1.26 and a debt-to-equity ratio of 103.31. The company's 50-day moving average price is GBX 198.36 and its two-hundred day moving average price is GBX 235.57. The company has a market cap of £597.60 million, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last announced its earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.34) EPS for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. As a group, equities analysts forecast that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.
Insiders Place Their Bets
In related news, insider Pete Raby purchased 13,500 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of GBX 182 ($2.45) per share, for a total transaction of £24,570 ($33,059.74). Corporate insiders own 1.69% of the company's stock.
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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