Morgan Advanced Materials (LON:MGAM) Shares Down 13.1% - Here's What Happened

Key Points

• Morgan Advanced Materials plc's stock saw a significant decline of 13.1% in one trading session, closing at GBX 196 ($2.64) after hitting a low of GBX 167 ($2.25).
• The company reported a quarterly earnings per share of GBX 10.80 ($0.15) and has a projected earnings per share of 32.5 for the current year according to analysts.
• Insider transactions indicated that corporate executives sold 93,951 shares worth approximately $20 million over the past three months, highlighting potential concerns regarding company performance.

Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s stock price traded down 13.1% during trading on Thursday . The company traded as low as GBX 167 ($2.25) and last traded at GBX 196 ($2.64). 2,395,195 shares traded hands during trading, an increase of 89% from the average session volume of 1,269,546 shares. The stock had previously closed at GBX 225.50 ($3.03).

Morgan Advanced Materials Stock Performance

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's 50-day moving average price is GBX 220.48 and its two-hundred day moving average price is GBX 220.88. The firm has a market capitalization of £552.49 million, a price-to-earnings ratio of 8.07, 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 quarterly earnings results on Thursday, August 7th. The company reported GBX 10.80 ($0.15) earnings per share for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. Sell-side analysts predict that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.

Insider Transactions at Morgan Advanced Materials

In related news, insider Damien Caby sold 15,016 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of GBX 212 ($2.85), for a total transaction of £31,833.92 ($42,810.54). Also, insider Pete Raby sold 52,587 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of GBX 214 ($2.88), for a total value of £112,536.18 ($151,339.67). Over the last three months, insiders have sold 93,951 shares of company stock worth $20,022,786. Corporate insiders own 1.69% of the company's stock.

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.

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