Morgan Advanced Materials (LON:MGAM) Shares Down 16.2% – Should You Sell?

Shares of Morgan Advanced Materials plc (LON:MGAM) fell 16.2% on Saturday . The stock traded as low as GBX 198 ($2.50) and last traded at GBX 214.51 ($2.70). 8,720,610 shares traded hands during mid-day trading, an increase of 451% from the average session volume of 1,583,410 shares. The stock had previously closed at GBX 256 ($3.23).

Analyst Upgrades and Downgrades

MGAM has been the subject of several research analyst reports. Citigroup lifted their target price on shares of Morgan Advanced Materials from GBX 325 ($4.10) to GBX 330 ($4.16) and gave the company a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada dropped their price objective on shares of 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 Stock Up 0.9 %

The company has a market cap of £610.28 million, a P/E ratio of 8.91, a P/E/G ratio of 0.51 and a beta of 1.34. The stock has a 50-day moving average of GBX 265.32 and a two-hundred day moving average of GBX 270.56. The company has a debt-to-equity ratio of 103.31, a quick ratio of 1.26 and a current ratio of 2.19.

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

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.