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

Morgan Advanced Materials (LON:MGAM) announced its earnings results 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 Stock Performance

Shares of MGAM stock opened at GBX 214.51 ($2.70) on Friday. The stock has a market cap of £604.67 million, a P/E ratio of 8.83, a P/E/G 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 company has a fifty day moving average price of GBX 265.32 and a two-hundred day moving average price of GBX 270.85. Morgan Advanced Materials has a one year low of GBX 198 ($2.49) and a one year high of GBX 347 ($4.36).

Wall Street Analysts Forecast Growth

MGAM has been the subject of several recent research reports. Royal Bank of Canada reduced their target price on shares of Morgan Advanced Materials from GBX 350 ($4.40) to GBX 320 ($4.02) and set an “outperform” rating for the company in a report on Thursday, November 7th. Citigroup increased their price target on shares of Morgan Advanced Materials from GBX 325 ($4.09) to GBX 330 ($4.15) and gave the company a “buy” rating in a research note on Thursday, January 23rd.

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.