Morgan Advanced Materials (LON:MGAM) Stock Price Down 15.6% – Time to Sell?

Morgan Advanced Materials plc (LON:MGAM)’s share price fell 15.6% during mid-day trading on Friday . The company traded as low as GBX 198 ($2.49) and last traded at GBX 216.02 ($2.72). 6,668,688 shares traded hands during trading, an increase of 335% from the average session volume of 1,534,555 shares. The stock had previously closed at GBX 256 ($3.22).

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank of Canada decreased their price target 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. Citigroup raised their target price on Morgan Advanced Materials from GBX 325 ($4.09) to GBX 330 ($4.15) and gave the stock a “buy” rating in a research note on Thursday, January 23rd.

Morgan Advanced Materials Trading Down 16.2 %

The company has a debt-to-equity ratio of 103.31, a quick ratio of 1.26 and a current ratio of 2.19. The company has a market cap of £604.67 million, a price-to-earnings ratio of 8.83, a P/E/G ratio of 0.51 and a beta of 1.34. The company’s fifty day moving average is GBX 265.32 and its two-hundred day moving average is GBX 270.56.

Morgan Advanced Materials (LON:MGAM) last released its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.32) earnings per share for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. On average, research analysts anticipate 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.