Morgan Advanced Materials (LON:MGAM) Shares Down 12.5% - Time to Sell?

Key Points

• Morgan Advanced Materials shares fell by 12.5% to GBX 197.28 ($2.64) after closing at GBX 225.50 ($3.01), with trading volume increasing significantly to 5.5 million shares.
• The company's recent quarterly earnings showed an EPS of GBX 10.80 ($0.14), along with a net margin of 6.17% and a return on equity of 19.02%.
• Insider sales totaled 93,951 shares worth approximately $20 million over the last quarter, indicating possible concerns from company executives regarding stock performance.

Morgan Advanced Materials plc (LON:MGAM - Get Free Report) shares traded down 12.5% on Thursday . The company traded as low as GBX 167 ($2.23) and last traded at GBX 197.28 ($2.64). 5,547,689 shares were traded during mid-day trading, an increase of 330% from the average session volume of 1,290,286 shares. The stock had previously closed at GBX 225.50 ($3.01).

Morgan Advanced Materials Stock Down 13.1%

The company's 50-day moving average is GBX 220.61 and its 200 day moving average is GBX 221.29. 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 company has a market capitalization of £552.49 million, a PE ratio of 8.07, a P/E/G ratio of 0.51 and a beta of 1.34.

Morgan Advanced Materials (LON:MGAM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported GBX 10.80 ($0.14) 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, analysts anticipate that Morgan Advanced Materials plc will post 32.5 EPS for the current year.

Insiders Place Their Bets

In other Morgan Advanced Materials news, insider Pete Raby sold 52,587 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of GBX 214 ($2.86), for a total transaction of £112,536.18 ($150,328.85). Also, insider Richard Armitage sold 26,348 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of GBX 212 ($2.83), for a total transaction of £55,857.76 ($74,616.30). Insiders have sold a total of 93,951 shares of company stock worth $20,022,786 in the last quarter. 1.69% of the stock is owned by company insiders.

About Morgan Advanced Materials

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.