Morgan Advanced Materials (LON:MGAM) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Morgan Advanced Materials plc (LON:MGAM)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 286.42 ($3.56) and traded as low as GBX 267 ($3.32). Morgan Advanced Materials shares last traded at GBX 270.50 ($3.36), with a volume of 384,994 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on MGAM shares. Deutsche Bank Aktiengesellschaft cut their price target on Morgan Advanced Materials from GBX 335 ($4.16) to GBX 320 ($3.98) and set a “hold” rating for the company in a report on Friday, September 13th. Royal Bank of Canada decreased their target price on Morgan Advanced Materials from GBX 350 ($4.35) to GBX 320 ($3.98) and set an “outperform” rating for the company in a research report on Thursday, November 7th.

Morgan Advanced Materials Stock Down 0.4 %

The stock has a market cap of £769.73 million, a P/E ratio of 1,127.08, a P/E/G ratio of 0.51 and a beta of 1.34. The company’s 50 day moving average price is GBX 260.73 and its two-hundred day moving average price is GBX 286.42. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 93.89.

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.