Pete Raby Sells 4,156 Shares of Morgan Advanced Materials plc (LON:MGAM) Stock

Morgan Advanced Materials plc (LON:MGAM) insider Pete Raby sold 4,156 shares of Morgan Advanced Materials stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of GBX 285 ($3.60), for a total value of £11,844.60 ($14,968.53).

Morgan Advanced Materials Price Performance

Shares of LON MGAM opened at GBX 285 ($3.60) on Friday. The company has a fifty day moving average price of GBX 271.67 and a 200 day moving average price of GBX 259.93. Morgan Advanced Materials plc has a 1-year low of GBX 215.50 ($2.72) and a 1-year high of GBX 313.50 ($3.96). The firm has a market cap of £813.30 million, a PE ratio of 1,781.25, a PEG ratio of 0.62 and a beta of 1.43. The company has a current ratio of 2.06, a quick ratio of 1.26 and a debt-to-equity ratio of 89.51.

Morgan Advanced Materials Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 25th will be issued a dividend of GBX 6.70 ($0.08) per share. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Morgan Advanced Materials’s previous dividend of $5.30. This represents a dividend yield of 2.49%. Morgan Advanced Materials’s dividend payout ratio (DPR) is presently 7,500.00%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered shares of Morgan Advanced Materials to a “hold” rating and set a GBX 315 ($3.98) price target on the stock. in a research note on Wednesday, January 31st.

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.