Morgan Advanced Materials (LON:MGAM) Stock Passes Below 200 Day Moving Average – Time to Sell?

Morgan Advanced Materials plc (LON:MGAM)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 220.68 and traded as low as GBX 206. Morgan Advanced Materials shares last traded at GBX 211, with a volume of 745,497 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MGAM shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 230 target price on shares of Morgan Advanced Materials in a report on Thursday, May 7th. Citigroup increased their price target on shares of Morgan Advanced Materials from GBX 230 to GBX 235 and gave the company a “buy” rating in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 235.

Morgan Advanced Materials Price Performance

The company has a debt-to-equity ratio of 113.93, a current ratio of 1.23 and a quick ratio of 1.26. The company has a market capitalization of £586.00 million, a PE ratio of 28.27, a PEG ratio of 0.51 and a beta of 1.20. The firm has a 50-day moving average of GBX 221.48 and a 200 day moving average of GBX 220.62.

Insider Transactions at Morgan Advanced Materials

In other news, insider Richard Armitage sold 33,105 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of GBX 223, for a total transaction of £73,824.15. Corporate insiders own 1.25% of the company’s stock.

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.