Morgan Advanced Materials (LON:MGAM) Trading Down 19.9% – Time to Sell?

Shares of Morgan Advanced Materials plc (LON:MGAM) traded down 19.9% on Friday . The stock traded as low as GBX 198 ($2.49) and last traded at GBX 205 ($2.58). 5,194,462 shares were traded during mid-day trading, an increase of 246% from the average session volume of 1,499,454 shares. The stock had previously closed at GBX 256 ($3.22).

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Citigroup boosted their price target 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. Royal Bank of Canada decreased their price target on Morgan Advanced Materials from GBX 350 ($4.40) to GBX 320 ($4.02) and set an “outperform” rating for the company in a research note on Thursday, November 7th.

Morgan Advanced Materials Stock Performance

The company has a market cap of £604.67 million, a PE ratio of 8.83, a PEG ratio of 0.51 and a beta of 1.34. 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 business has a 50-day moving average of GBX 265.32 and a 200 day moving average 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 return on equity of 19.02% and a net margin of 6.17%. Equities research analysts anticipate that Morgan Advanced Materials plc will post 32.5 EPS 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.