Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s share price traded down 0.9% during mid-day trading on Tuesday . The company traded as low as GBX 194.60 ($2.59) and last traded at GBX 195.26 ($2.60). 289,013 shares were traded during mid-day trading, a decline of 84% from the average session volume of 1,766,409 shares. The stock had previously closed at GBX 197 ($2.62).
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on MGAM shares. Citigroup upped their price target on shares of Morgan Advanced Materials from GBX 325 ($4.32) to GBX 330 ($4.39) and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada decreased their price target on Morgan Advanced Materials from GBX 320 ($4.26) to GBX 265 ($3.53) and set an "outperform" rating on the stock in a research note on Monday, March 3rd.
View Our Latest Analysis on Morgan Advanced Materials
Morgan Advanced Materials Stock Performance
The stock has a market capitalization of £575.05 million, a PE ratio of 8.40, a P/E/G ratio of 0.51 and a beta of 1.34. 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 firm's 50 day moving average is GBX 198.07 and its two-hundred day moving average is GBX 239.24.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last released 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 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 year.
Morgan Advanced Materials Increases Dividend
The company also recently declared 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 is a positive change from Morgan Advanced Materials's previous dividend of $5.40. The ex-dividend date is Thursday, April 10th. This represents a yield of 3.17%. Morgan Advanced Materials's payout ratio is 49.39%.
Insider Buying and Selling
In other Morgan Advanced Materials news, insider Pete Raby bought 13,500 shares of Morgan Advanced Materials stock in a transaction on Friday, April 4th. The stock was bought at an average price of GBX 182 ($2.42) per share, with a total value of £24,570 ($32,685.91). Corporate insiders own 1.69% of the company's stock.
Morgan Advanced Materials Company Profile
(
Get Free Report)
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.
Read More
Before you consider Morgan Advanced Materials, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Morgan Advanced Materials wasn't on the list.
While Morgan Advanced Materials currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
