Morgan Advanced Materials plc (LON:MGAM - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 213.02 ($2.86) and traded as low as GBX 198 ($2.66). Morgan Advanced Materials shares last traded at GBX 200.88 ($2.70), with a volume of 500,363 shares traded.
Analyst Ratings Changes
Several research firms recently issued reports on MGAM. Citigroup reduced their price target on Morgan Advanced Materials from GBX 265 to GBX 240 and set a "buy" rating on the stock in a research report on Friday, August 8th. Royal Bank Of Canada reduced their price objective on Morgan Advanced Materials from GBX 275 to GBX 250 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 270.
View Our Latest Research Report on Morgan Advanced Materials
Morgan Advanced Materials Price Performance
The firm has a market cap of £575.87 million, a PE ratio of 2,107.35, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. 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 stock has a 50 day simple moving average of GBX 217.79 and a two-hundred day simple moving average of GBX 212.52.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported GBX 10.80 EPS for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. Sell-side analysts expect that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.
Insiders Place Their Bets
In other Morgan Advanced Materials news, insider Jane Ann Lodge acquired 25,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were purchased at an average price of GBX 206 per share, with a total value of £51,500. 1.14% of the stock is currently owned by corporate insiders.
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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