Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 238.81 ($3.18) and traded as low as GBX 207.50 ($2.76). Morgan Advanced Materials shares last traded at GBX 217 ($2.89), with a volume of 559,151 shares.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of Morgan Advanced Materials from GBX 320 ($4.26) to GBX 265 ($3.52) and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Citigroup boosted their target price on shares of Morgan Advanced Materials from GBX 325 ($4.32) to GBX 330 ($4.39) and gave the company a "buy" rating in a research note on Thursday, January 23rd.
View Our Latest Stock Analysis on MGAM
Morgan Advanced Materials Trading Down 1.2%
The firm has a market capitalization of £587.73 million, a PE ratio of 8.58, a P/E/G 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 firm has a fifty day moving average of GBX 197.92 and a 200 day moving average of GBX 237.81.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.34) EPS for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. Equities research analysts expect that Morgan Advanced Materials plc will post 32.5 EPS for the current year.
Morgan Advanced Materials Increases Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, May 13th. Investors of record on Thursday, April 10th were paid a GBX 6.80 ($0.09) dividend. This represents a yield of 3.17%. This is a boost from Morgan Advanced Materials's previous dividend of $5.40. The ex-dividend date was Thursday, April 10th. Morgan Advanced Materials's dividend payout ratio (DPR) is 49.39%.
Insiders Place Their Bets
In other 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 ($2.71), for a total value of £98,436.12 ($130,899.10). 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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