Morgan Advanced Materials (LON:MGAM) Stock Price Down 17.2% – Time to Sell?

Morgan Advanced Materials plc (LON:MGAM) traded down 17.2% on Friday . The stock traded as low as GBX 198 ($2.50) and last traded at GBX 212 ($2.67). 6,172,535 shares traded hands during trading, an increase of 305% from the average session volume of 1,522,205 shares. The stock had previously closed at GBX 256 ($3.23).

Analysts Set New Price Targets

A number of analysts have issued reports on MGAM shares. Royal Bank of Canada decreased their price target on 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 raised their target price on shares of Morgan Advanced Materials from GBX 325 ($4.10) to GBX 330 ($4.16) and gave the stock a “buy” rating in a research report on Thursday, January 23rd.

Morgan Advanced Materials Stock Down 16.2 %

The firm 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. 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 50-day moving average of GBX 266.36 and a two-hundred day moving average of GBX 271.51.

Morgan Advanced Materials (LON:MGAM) last announced its quarterly earnings results 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%. On average, equities research analysts forecast 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.