Morgan Advanced Materials (LON:MGAM) Trading Down 0.7% - Here's What Happened

Key Points

• Morgan Advanced Materials plc reported a 0.7% drop in stock price, trading at GBX 225.50 ($3.01) with approximately 298,160 shares changing hands, significantly lower than its average daily volume.
• The company's latest earnings report showed an EPS of GBX 10.80 ($0.14) for the quarter, with analysts forecasting a total of 32.5 EPS for the current fiscal year.
• Insider trading activity revealed that corporate insiders sold 93,951 shares valued at approximately $20 million over the last three months, while corporate insiders hold only 1.69% of the company’s stock.

Morgan Advanced Materials plc (LON:MGAM - Get Free Report) was down 0.7% during trading on Thursday . The company traded as low as GBX 225 ($3.01) and last traded at GBX 225.50 ($3.01). Approximately 298,160 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 1,262,091 shares. The stock had previously closed at GBX 227 ($3.03).

Morgan Advanced Materials Trading Down 13.8%

The stock's 50-day moving average price is GBX 220.61 and its 200 day moving average price is GBX 221.29. The company has a debt-to-equity ratio of 103.31, a current ratio of 2.19 and a quick ratio of 1.26. The firm has a market capitalization of £547.98 million, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34.

Morgan Advanced Materials (LON:MGAM - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported GBX 10.80 ($0.14) EPS for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. On average, sell-side analysts expect that Morgan Advanced Materials plc will post 32.5 EPS for the current fiscal year.

Insider Transactions at Morgan Advanced Materials

In other news, insider Richard Armitage sold 26,348 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of GBX 212 ($2.83), for a total transaction of £55,857.76 ($74,616.30). Also, insider Damien Caby sold 15,016 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of GBX 212 ($2.83), for a total value of £31,833.92 ($42,524.61). Over the last three months, insiders have sold 93,951 shares of company stock valued at $20,022,786. Corporate insiders own 1.69% of the company's stock.

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.

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