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

Morgan Advanced Materials (LON:MGAM) released its quarterly earnings data on Friday. The company reported GBX 25.50 ($0.32) EPS for the quarter, Digital Look Earnings reports. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%.

Morgan Advanced Materials Price Performance

Morgan Advanced Materials stock traded down GBX 41.49 ($0.52) during trading hours on Friday, reaching GBX 214.51 ($2.70). 8,720,610 shares of the stock were exchanged, compared to its average volume of 1,583,410. The stock has a 50 day moving average of GBX 266.36 and a two-hundred day moving average of GBX 271.51. The company has a market cap of £604.67 million, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The company has a current ratio of 2.19, a quick ratio of 1.26 and a debt-to-equity ratio of 103.31. Morgan Advanced Materials has a twelve month low of GBX 198 ($2.50) and a twelve month high of GBX 347 ($4.37).

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada reduced their price objective on Morgan Advanced Materials from GBX 350 ($4.41) to GBX 320 ($4.03) and set an “outperform” rating for the company in a report on Thursday, November 7th. Citigroup boosted their price objective on shares of Morgan Advanced Materials from GBX 325 ($4.10) to GBX 330 ($4.16) and gave the company a “buy” rating in a report on Thursday, January 23rd.

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.