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

Morgan Advanced Materials plc (LON:MGAM)’s share price dropped 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).

Analyst Upgrades and Downgrades

MGAM has been the topic of a number of research analyst reports. Citigroup increased 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 report on Thursday, January 23rd. Royal Bank of Canada reduced their price objective on Morgan Advanced Materials from GBX 350 ($4.40) to GBX 320 ($4.02) and set an “outperform” rating on the stock in a research note on Thursday, November 7th.

Morgan Advanced Materials Stock Performance

The company has a market capitalization 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 stock has a 50 day simple moving average of GBX 265.32 and a 200 day simple moving average of GBX 270.56. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31.

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 (EPS) for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. As a group, analysts anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal 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.