Morgan Advanced Materials (LON:MGAM) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

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 229.70 ($3.13) and traded as low as GBX 202.50 ($2.76). Morgan Advanced Materials shares last traded at GBX 214 ($2.91), with a volume of 372,887 shares.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lowered their price target on shares of Morgan Advanced Materials from GBX 320 ($4.36) to GBX 265 ($3.61) and set an "outperform" rating for the company in a research report on Monday, March 3rd.

Morgan Advanced Materials Stock Up 0.4%

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 stock has a market capitalization of £605.55 million, a PE ratio of 8.84, a PEG ratio of 0.51 and a beta of 1.34. The business has a 50 day moving average of GBX 205.59 and a two-hundred day moving average of GBX 229.70.

Insider Buying and Selling

In related news, insider Richard Armitage sold 26,348 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of GBX 212 ($2.89), for a total transaction of £55,857.76 ($76,038.33). Also, insider Pete Raby bought 13,500 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost of GBX 182 ($2.48) per share, with a total value of £24,570 ($33,446.77). Insiders sold 93,951 shares of company stock worth $20,022,786 in the last three months. 1.69% of the stock is owned by insiders.

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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