Morgan Advanced Materials plc (LON:MGAM - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 234.24 ($3.17) and traded as low as GBX 209 ($2.83). Morgan Advanced Materials shares last traded at GBX 214 ($2.90), with a volume of 382,605 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada cut their target price on Morgan Advanced Materials from GBX 320 ($4.33) to GBX 265 ($3.58) and set an "outperform" rating on the stock in a research report on Monday, March 3rd.
Check Out Our Latest Stock Analysis on MGAM
Morgan Advanced Materials Stock Performance
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 50-day moving average of GBX 198.97 and a 200-day moving average of GBX 234.24. The stock has a market capitalization of £603.23 million, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.51 and a beta of 1.34.
Insider Activity at Morgan Advanced Materials
In other Morgan Advanced Materials news, 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 ($2.90), for a total transaction of £112,536.18 ($152,240.50). Also, insider Damien Caby sold 15,016 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of GBX 212 ($2.87), for a total value of £31,833.92 ($43,065.37). Insiders have sold a total of 142,204 shares of company stock valued at $29,866,398 in the last ninety days. Company 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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