Morgan Advanced Materials (LON:MGAM) PT Lowered to GBX 320

Morgan Advanced Materials (LON:MGAM) had its price objective decreased by Deutsche Bank Aktiengesellschaft from GBX 335 ($4.38) to GBX 320 ($4.18) in a research note published on Friday morning, Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Morgan Advanced Materials Stock Performance

Shares of Morgan Advanced Materials stock traded down GBX 6 ($0.08) during trading hours on Friday, hitting GBX 284 ($3.71). 378,235 shares of the company’s stock traded hands, compared to its average volume of 724,393. The company has a fifty day simple moving average of GBX 314.41 and a 200-day simple moving average of GBX 304.92. Morgan Advanced Materials has a 12-month low of GBX 215.50 ($2.82) and a 12-month high of GBX 347 ($4.54). The stock has a market capitalization of £808.15 million, a price-to-earnings ratio of 1,183.33, a PEG ratio of 0.56 and a beta of 1.34. The company has a debt-to-equity ratio of 93.89, a current ratio of 2.19 and a quick ratio of 1.26.

Morgan Advanced Materials Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 24th will be given a dividend of GBX 5.40 ($0.07) per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a dividend yield of 1.71%. Morgan Advanced Materials’s dividend payout ratio (DPR) is presently 5,000.00%.

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.