Morgan Advanced Materials (LON:MGAM) Shares Down 15.8% – Should You Sell?

Morgan Advanced Materials plc (LON:MGAM)’s share price was down 15.8% on Friday . The stock traded as low as GBX 198 ($2.49) and last traded at GBX 215.49 ($2.71). Approximately 6,666,749 shares were traded during mid-day trading, an increase of 334% from the average daily volume of 1,534,508 shares. The stock had previously closed at GBX 256 ($3.22).

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MGAM. Citigroup raised their price objective on shares of Morgan Advanced Materials from GBX 325 ($4.09) to GBX 330 ($4.15) and gave the company a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reduced 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 report on Thursday, November 7th.

Morgan Advanced Materials Stock Performance

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 firm has a market capitalization 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 firm has a fifty day moving average price of GBX 265.32 and a 200 day moving average price of GBX 270.56.

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 net margin of 6.17% and a return on equity of 19.02%. Research analysts anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal 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.