Morgan Advanced Materials (LON:MGAM) Stock Price Down 16.2% – Time to Sell?

Posted by Paula Ricardo on Mar 1st, 2025

Morgan Advanced Materials plc (LON:MGAM – Get Free Report)’s share price traded down 16.2% on Saturday . The company traded as low as GBX 198 ($2.49) and last traded at GBX 214.51 ($2.70). 8,720,610 shares changed hands during mid-day trading, an increase of 451% from the average session volume of 1,583,410 shares. The stock had previously closed at GBX 256 ($3.22).

Wall Street Analyst Weigh In

Several brokerages have commented on MGAM. Citigroup upped their price target on Morgan Advanced Materials from GBX 325 ($4.09) to GBX 330 ($4.15) and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada dropped their target price on shares of Morgan Advanced Materials from GBX 350 ($4.40) to GBX 320 ($4.02) and set an “outperform” rating for the company in a research report on Thursday, November 7th.

Check Out Our Latest Stock Analysis on MGAM

Morgan Advanced Materials Stock Performance

The company has a current ratio of 2.19, a quick ratio of 1.26 and a debt-to-equity ratio of 103.31. The firm has a market cap of £604.67 million, a PE ratio of 8.83, a P/E/G ratio of 0.51 and a beta of 1.34. The stock’s 50 day moving average price is GBX 265.32 and its 200 day moving average price is GBX 270.85.

Morgan Advanced Materials (LON:MGAM – Get Free Report) last released its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.32) 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 forecast that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal year.

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.