Shares of Morgan Advanced Materials plc (LON:MGAM - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 229.70 ($3.15) and traded as low as GBX 202.50 ($2.78). Morgan Advanced Materials shares last traded at GBX 214 ($2.94), with a volume of 372,887 shares.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada lowered their target price on Morgan Advanced Materials from GBX 320 ($4.39) to GBX 265 ($3.64) and set an "outperform" rating for the company in a report on Monday, March 3rd.
Check Out Our Latest Stock Analysis on MGAM
Morgan Advanced Materials Price Performance
The company has a market cap of £624.38 million, a P/E ratio of 9.12, a PEG ratio of 0.51 and a beta of 1.34. The company has a fifty day moving average price of GBX 207.60 and a two-hundred day moving average price of GBX 228.89. The company has a debt-to-equity ratio of 103.31, a quick ratio of 1.26 and a current ratio of 2.19.
Insider Activity
In related news, insider Damien Caby sold 15,016 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of GBX 212 ($2.91), for a total value of £31,833.92 ($43,685.91). Also, insider Pete Raby sold 52,587 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of GBX 214 ($2.94), for a total transaction of £112,536.18 ($154,434.17). Insiders sold 93,951 shares of company stock worth $20,022,786 in the last quarter. 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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