Morgan Advanced Materials (LON:MGAM) Stock Price Down 13.1% - Time to Sell?

Key Points

• Morgan Advanced Materials plc experienced a significant stock drop of 13.1%, closing at GBX 196 ($2.64) after trading as low as GBX 167 ($2.25).
• The company reported earnings of GBX 10.80 ($0.15) per share for the quarter, with analysts predicting a total of 32.5 earnings per share for the current fiscal year.
• Insider activity was notable as insiders sold a total of 93,951 shares worth approximately $20 million over the past three months.

Morgan Advanced Materials plc (LON:MGAM - Get Free Report) fell 13.1% during mid-day trading on Thursday . The stock traded as low as GBX 167 ($2.25) and last traded at GBX 196 ($2.64). 2,395,195 shares changed hands during mid-day trading, an increase of 89% from the average session volume of 1,269,546 shares. The stock had previously closed at GBX 225.50 ($3.03).

Morgan Advanced Materials Stock Down 13.1%

The firm has a market capitalization of £552.49 million, a P/E ratio of 8.07, a P/E/G ratio of 0.51 and a beta of 1.34. 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 stock's 50-day simple moving average is GBX 220.48 and its 200-day simple moving average is GBX 220.88.

Morgan Advanced Materials (LON:MGAM - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported GBX 10.80 ($0.15) 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, research analysts predict that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal year.

Insider Activity

In other Morgan Advanced Materials news, insider Damien Caby sold 15,016 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of GBX 212 ($2.85), for a total transaction of £31,833.92 ($42,810.54). Also, insider Pete Raby sold 52,587 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of GBX 214 ($2.88), for a total transaction of £112,536.18 ($151,339.67). Over the last three months, insiders have sold 93,951 shares of company stock valued at $20,022,786. 1.69% of the stock is currently 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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