Morgan Advanced Materials (LON:MGAM) Trading Down 14.6% – Time to Sell?

Morgan Advanced Materials plc (LON:MGAM) traded down 14.6% on Friday . The stock traded as low as GBX 198 ($2.49) and last traded at GBX 218.73 ($2.75). 7,247,775 shares were traded during mid-day trading, an increase of 368% from the average session volume of 1,548,342 shares. The stock had previously closed at GBX 256 ($3.22).

Analysts Set New Price Targets

A number of analysts have recently issued reports on MGAM shares. Citigroup boosted their price objective on 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 lowered their price target on shares of Morgan Advanced Materials from GBX 350 ($4.40) to GBX 320 ($4.02) and set an “outperform” rating on the stock in a report on Thursday, November 7th.

Morgan Advanced Materials Trading Down 16.2 %

The company has a market cap of £604.67 million, a price-to-earnings ratio of 8.83, a price-to-earnings-growth 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 simple moving average of GBX 265.32 and a 200 day simple moving average of GBX 270.56.

Morgan Advanced Materials (LON:MGAM) last announced its earnings results 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%. As a group, equities analysts forecast that Morgan Advanced Materials plc will post 32.5 EPS for the current 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.