Morgan Advanced Materials (LON:MGAM) Stock Passes Below 200-Day Moving Average - Here's Why

Key Points

• Morgan Advanced Materials' stock fell below its 200-day moving average, trading as low as GBX 199, while the 200-day moving average is GBX 210.66.
• Analysts have recently downgraded their price targets for the stock, with Deutsche Bank lowering its target from GBX 250 to GBX 235, and Citigroup from GBX 265 to GBX 240.
• Insider Jane Ann Lodge purchased 25,000 shares at an average price of GBX 206, indicating confidence in the company's future despite recent stock performance.

Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 210.66 ($2.81) and traded as low as GBX 199 ($2.66). Morgan Advanced Materials shares last traded at GBX 207 ($2.77), with a volume of 1,306,398 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MGAM shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Morgan Advanced Materials from GBX 250 to GBX 235 and set a "hold" rating for the company in a research report on Friday, September 5th. Citigroup reduced their target price on shares of Morgan Advanced Materials from GBX 265 to GBX 240 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Royal Bank Of Canada decreased their price target on shares of Morgan Advanced Materials from GBX 275 to GBX 250 and set an "outperform" rating on the stock 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 241.67.

Morgan Advanced Materials Trading Down 1.0%

The company's 50-day moving average is GBX 212.49 and its 200 day moving average is GBX 210.66. 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 firm has a market cap of £570.16 million, a PE ratio of 20.92, a P/E/G ratio of 0.51 and a beta of 1.34.

Morgan Advanced Materials (LON:MGAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported GBX 10.80 earnings per share for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. As a group, sell-side analysts predict 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 Jane Ann Lodge acquired 25,000 shares of Morgan Advanced Materials stock in a transaction that occurred on Tuesday, September 2nd. The stock was purchased at an average cost of GBX 206 per share, with a total value of £51,500. Insiders own 1.20% 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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