Morgan Advanced Materials (LON:MGAM) Trading Down 19.9% – What’s Next?

Morgan Advanced Materials plc (LON:MGAM)’s share price traded down 19.9% during mid-day trading on Friday . The stock traded as low as GBX 198 ($2.50) and last traded at GBX 205 ($2.58). 5,194,462 shares changed hands during trading, an increase of 246% from the average session volume of 1,499,454 shares. The stock had previously closed at GBX 256 ($3.23).

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MGAM. Royal Bank of Canada dropped their price objective on shares of Morgan Advanced Materials from GBX 350 ($4.41) to GBX 320 ($4.03) and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Citigroup lifted their target price on Morgan Advanced Materials from GBX 325 ($4.10) to GBX 330 ($4.16) and gave the company a “buy” rating in a research note on Thursday, January 23rd.

Morgan Advanced Materials Stock Performance

The firm’s fifty day simple moving average is GBX 266.36 and its 200 day simple moving average is GBX 271.51. 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 company has a market capitalization of £604.67 million, a PE ratio of 8.83, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34.

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

About Morgan Advanced Materials

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.