Morgan Advanced Materials (LON:MGAM) Stock Price Down 15.8% – Should You Sell?

Shares of Morgan Advanced Materials plc (LON:MGAM) were down 15.8% during mid-day trading on Friday . The stock traded as low as GBX 198 ($2.50) and last traded at GBX 215.49 ($2.72). Approximately 6,666,749 shares changed hands during mid-day trading, an increase of 334% from the average daily volume of 1,534,508 shares. The stock had previously closed at GBX 256 ($3.23).

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MGAM shares. Citigroup boosted their price objective on 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. Royal Bank of Canada reduced their price target 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.

Morgan Advanced Materials Trading Down 16.2 %

The company has a 50 day simple moving average of GBX 266.36 and a 200 day simple moving average of GBX 271.51. The company has a debt-to-equity ratio of 103.31, a quick ratio of 1.26 and a current ratio of 2.19. The company has a market capitalization of £604.67 million, a PE ratio of 8.83, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34.

Morgan Advanced Materials (LON:MGAM) last posted its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.32) EPS for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. Analysts anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.

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.