Morgan Advanced Materials (LON:MGAM) Shares Down 0.6% - Time to Sell?

Shares of Morgan Advanced Materials plc (LON:MGAM - Get Free Report) traded down 0.6% during mid-day trading on Tuesday . The stock traded as low as GBX 194.60 ($2.59) and last traded at GBX 195.80 ($2.60). 330,151 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,766,887 shares. The stock had previously closed at GBX 197 ($2.62).

Analysts Set New Price Targets

MGAM has been the topic of several analyst reports. Royal Bank of Canada dropped their target price on Morgan Advanced Materials from GBX 320 ($4.26) to GBX 265 ($3.53) and set an "outperform" rating on the stock in a report on Monday, March 3rd. Citigroup increased their price objective on Morgan Advanced Materials from GBX 325 ($4.32) to GBX 330 ($4.39) and gave the company a "buy" rating in a report on Thursday, January 23rd.

Morgan Advanced Materials Price Performance

The firm has a market cap of £575.05 million, a P/E ratio of 8.40, a PEG ratio of 0.51 and a beta of 1.34. The business has a fifty day moving average of GBX 198.07 and a 200 day moving average of GBX 239.24. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31.

Morgan Advanced Materials (LON:MGAM - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.34) earnings per share (EPS) for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. On average, sell-side analysts anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.

Morgan Advanced Materials Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Thursday, April 10th will be given a dividend of GBX 6.80 ($0.09) per share. This represents a dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Morgan Advanced Materials's previous dividend of $5.40. Morgan Advanced Materials's dividend payout ratio is presently 49.39%.

Insider Activity

In other news, insider Pete Raby acquired 13,500 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of GBX 182 ($2.42) per share, with a total value of £24,570 ($32,685.91). 1.69% of the stock is owned by company insiders.

About Morgan Advanced Materials

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.