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

Key Points

• Morgan Advanced Materials shares fell 13.1% during trading, closing at GBX 196 ($2.64) after reaching a low of GBX 167 ($2.25) on Thursday.
• The company reported quarterly earnings of GBX 10.80 ($0.15) per share, with a current PE ratio of 8.07 and a return on equity of 19.02%.
• Insider trading included the sale of 93,951 shares valued at over $20 million in the last quarter, indicating potential concerns among company executives.

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

Morgan Advanced Materials Stock Performance

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 business has a 50 day moving average price of GBX 220.48 and a two-hundred day moving average price of GBX 220.88. The stock has a market cap of £552.49 million, a PE ratio of 8.07, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34.

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

Insider Activity at Morgan Advanced Materials

In other news, insider Pete Raby sold 52,587 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of GBX 214 ($2.88), for a total transaction of £112,536.18 ($151,339.67). Also, insider Richard Armitage sold 26,348 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of GBX 212 ($2.85), for a total transaction of £55,857.76 ($75,118.02). In the last quarter, insiders have sold 93,951 shares of company stock worth $20,022,786. 1.69% of the stock is owned by corporate 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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