Morgan Advanced Materials (LON:MGAM) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Morgan Advanced Materials plc (LON:MGAMGet Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 220.59 and traded as low as GBX 211. Morgan Advanced Materials shares last traded at GBX 214.50, with a volume of 409,412 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “hold” rating and set a GBX 230 price target on shares of Morgan Advanced Materials in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Morgan Advanced Materials currently has a consensus rating of “Hold” and a consensus target price of GBX 235.

View Our Latest Analysis on Morgan Advanced Materials

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 stock has a market capitalization of £592.91 million, a P/E ratio of 28.60, a PEG ratio of 0.51 and a beta of 1.22. The stock’s fifty day moving average is GBX 221.20 and its 200-day moving average is GBX 220.59.

Insider Activity

In other news, insider Richard Armitage sold 6,251 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of GBX 223, for a total transaction of £13,939.73. Company insiders own 1.25% of the company’s stock.

Morgan Advanced Materials Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Morgan Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.