Morgan Advanced Materials (LON:MGAM) Trading Down 10.9% - Time to Sell?

Key Points

• Morgan Advanced Materials plc experienced a significant decline, trading down 10.9% on Thursday, reaching a low of GBX 167 ($2.23) and closing at GBX 201 ($2.69).
• The company's debt-to-equity ratio stands at 103.31, with a price-to-earnings (P/E) ratio of 8.07 and a projected earnings per share (EPS) of 32.5 for the current year.
• Recent insider transactions indicate that significant selling occurred, with 93,951 shares sold by insiders over the last three months, totaling around $20 million.

Morgan Advanced Materials plc (LON:MGAM - Get Free Report) traded down 10.9% during trading on Thursday . The stock traded as low as GBX 167 ($2.23) and last traded at GBX 201 ($2.69). 5,529,809 shares changed hands during trading, an increase of 329% from the average session volume of 1,290,168 shares. The stock had previously closed at GBX 225.50 ($3.01).

Morgan Advanced Materials Stock Down 13.1%

The company has a 50 day moving average of GBX 220.61 and a 200-day moving average of 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 company has a market capitalization of £552.49 million, a P/E ratio of 8.07, a PEG ratio of 0.51 and a beta of 1.34.

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

Insider Buying and Selling

In other Morgan Advanced Materials news, insider Damien Caby sold 15,016 shares of Morgan Advanced Materials 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). Also, insider Pete Raby sold 52,587 shares of Morgan Advanced Materials stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of GBX 214 ($2.86), for a total value of £112,536.18 ($150,328.85). Over the last three months, insiders have sold 93,951 shares of company stock worth $20,022,786. 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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