Morgan Advanced Materials (LON:MGAM) Stock Price Down 14.6% – What’s Next?

Morgan Advanced Materials plc (LON:MGAM)’s share price traded down 14.6% on Friday . The stock traded as low as GBX 198 ($2.49) and last traded at GBX 218.73 ($2.75). 7,247,775 shares were traded during trading, an increase of 368% from the average session volume of 1,548,342 shares. The stock had previously closed at GBX 256 ($3.22).

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MGAM. Royal Bank of Canada lowered their target price on shares of Morgan Advanced Materials from GBX 350 ($4.40) to GBX 320 ($4.02) and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Citigroup upped their price objective on Morgan Advanced Materials from GBX 325 ($4.09) to GBX 330 ($4.15) and gave the company a “buy” rating in a research note on Thursday, January 23rd.

Morgan Advanced Materials Stock Performance

The stock has a fifty day simple moving average of GBX 265.32 and a 200-day simple moving average of GBX 270.56. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31. The company has a market capitalization of £604.67 million, a P/E ratio of 8.83, a PEG ratio of 0.51 and a beta of 1.34.

Morgan Advanced Materials (LON:MGAM) last announced its quarterly earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.32) earnings per share (EPS) for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. Equities analysts forecast that Morgan Advanced Materials plc will post 32.5 EPS for the current year.

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.