Morgan Advanced Materials (LON:MGAM) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Morgan Advanced Materials plc (LON:MGAM) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 288.49 ($3.62) and traded as low as GBX 267 ($3.35). Morgan Advanced Materials shares last traded at GBX 268 ($3.36), with a volume of 149,784 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MGAM shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Morgan Advanced Materials from GBX 335 ($4.20) to GBX 320 ($4.01) and set a “hold” rating on the stock in a research report on Friday, September 13th. Royal Bank of Canada lowered their price target on Morgan Advanced Materials from GBX 350 ($4.39) to GBX 320 ($4.01) and set an “outperform” rating on the stock in a research report on Thursday, November 7th.

Morgan Advanced Materials Stock Performance

The company’s fifty day simple moving average is GBX 258.99 and its two-hundred day simple moving average is GBX 288.49. The company has a debt-to-equity ratio of 93.89, a quick ratio of 1.26 and a current ratio of 2.19. The stock has a market capitalization of £762.62 million, a P/E ratio of 1,116.67, a PEG ratio of 0.51 and a beta of 1.34.

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.