Morgan Advanced Materials (LON:MGAM) Issues Quarterly Earnings Results

Morgan Advanced Materials (LON:MGAM) announced its earnings results on Friday. The company reported GBX 10.70 EPS for the quarter, Digital Look Earnings reports. Morgan Advanced Materials had a net margin of 2.12% and a return on equity of 6.66%.

Morgan Advanced Materials Stock Performance

MGAM traded up GBX 9 during midday trading on Friday, hitting GBX 254. 1,107,555 shares of the company traded hands, compared to its average volume of 3,206,896. The company’s 50-day moving average is GBX 222.25 and its 200 day moving average is GBX 220.78. The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 113.93. The firm has a market capitalization of £702.09 million, a PE ratio of 33.87, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22. Morgan Advanced Materials has a 52 week low of GBX 179.80 and a 52 week high of GBX 257.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 230 price objective on shares of Morgan Advanced Materials in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of GBX 235.

Insider Buying and Selling at Morgan Advanced Materials

In other Morgan Advanced Materials news, insider Richard Armitage sold 33,105 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of GBX 223, for a total value of £73,824.15. 1.25% of the stock is owned by insiders.

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. Morgan Advanced Materials plc was founded in 1856 and is headquartered in Windsor, the United Kingdom.