Morgan Advanced Materials (LON:MGAM) Trading Down 16.3% – Should You Sell?

Morgan Advanced Materials plc (LON:MGAM) fell 16.3% on Friday . The stock traded as low as GBX 198 ($2.50) and last traded at GBX 214.30 ($2.70). 6,458,723 shares were traded during trading, an increase of 322% from the average session volume of 1,529,555 shares. The stock had previously closed at GBX 256 ($3.23).

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup lifted their price objective on Morgan Advanced Materials from GBX 325 ($4.10) to GBX 330 ($4.16) and gave the stock a “buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada cut their price target on Morgan Advanced Materials from GBX 350 ($4.41) to GBX 320 ($4.03) and set an “outperform” rating for the company in a research note on Thursday, November 7th.

Morgan Advanced Materials Price Performance

The firm has a 50 day moving average price of GBX 266.36 and a 200 day moving average price of GBX 271.51. 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 stock 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) EPS for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. Research analysts anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share 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.