Morgan Advanced Materials (LON:MGAM) Shares Down 15.6% – Time to Sell?

Morgan Advanced Materials plc (LON:MGAM) fell 15.6% on Friday . The company traded as low as GBX 198 ($2.50) and last traded at GBX 216.02 ($2.72). 6,668,688 shares traded hands during mid-day trading, an increase of 335% from the average session volume of 1,534,555 shares. The stock had previously closed at GBX 256 ($3.23).

Analysts Set New Price Targets

A number of research firms have recently weighed in on MGAM. Royal Bank of Canada lowered their target price on Morgan Advanced Materials from GBX 350 ($4.41) to GBX 320 ($4.03) and set an “outperform” rating for the company in a research note on Thursday, November 7th. Citigroup boosted their target price on Morgan Advanced Materials from GBX 325 ($4.10) to GBX 330 ($4.16) and gave the company a “buy” rating in a research note on Thursday, January 23rd.

Morgan Advanced Materials Stock Performance

The company has a market cap of £604.67 million, a PE ratio of 8.83, a P/E/G 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. The business has a fifty day moving average of GBX 266.36 and a 200-day moving average of GBX 271.51.

Morgan Advanced Materials (LON:MGAM) last posted 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 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 earnings per share for the current fiscal 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.