Morgan Advanced Materials (LON:MGAM – Get Free Report) posted its quarterly earnings data on Friday. The company reported GBX 10.70 EPS for the quarter, Digital Look Earnings reports. Morgan Advanced Materials had a return on equity of 6.66% and a net margin of 2.12%.
Morgan Advanced Materials Stock Up 3.7%
Shares of LON:MGAM opened at GBX 254 on Friday. The company has a debt-to-equity ratio of 113.93, a quick ratio of 1.26 and a current ratio of 1.23. Morgan Advanced Materials has a 52-week low of GBX 179.80 and a 52-week high of GBX 257. The business’s 50 day simple moving average is GBX 222.73 and its two-hundred day simple moving average is GBX 221.02. The firm has a market cap of £702.09 million, a P/E ratio of 33.87, a PEG ratio of 0.51 and a beta of 1.22.
Analyst Ratings Changes
Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 230 target price on shares of Morgan Advanced Materials in a research 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. According to data from MarketBeat.com, Morgan Advanced Materials currently has an average rating of “Hold” and an average price target of GBX 235.
Insider Activity at Morgan Advanced Materials
In other news, insider Richard Armitage sold 6,251 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of GBX 223, for a total transaction of £13,939.73. 1.25% of the stock is currently owned by corporate insiders.
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. Morgan Advanced Materials plc was founded in 1856 and is headquartered in Windsor, the United Kingdom.
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