Morgan Advanced Materials (LON:MGAM) Stock Price Down 0.8% – Should You Sell?

Morgan Advanced Materials plc (LON:MGAM)’s stock price was down 0.8% on Friday . The stock traded as low as GBX 192.40 ($2.55) and last traded at GBX 192.40 ($2.55). Approximately 96,070 shares traded hands during trading, a decline of 95% from the average daily volume of 1,770,099 shares. The stock had previously closed at GBX 194 ($2.57).

Analyst Ratings Changes

A number of brokerages have recently issued reports on MGAM. Royal Bank of Canada lowered their target price on shares of Morgan Advanced Materials from GBX 320 ($4.25) to GBX 265 ($3.52) and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Citigroup increased their target price on shares of Morgan Advanced Materials from GBX 325 ($4.31) to GBX 330 ($4.38) and gave the stock a “buy” rating in a research note on Thursday, January 23rd.

Morgan Advanced Materials Stock Performance

The company has a debt-to-equity ratio of 103.31, a quick ratio of 1.26 and a current ratio of 2.19. The firm has a market capitalization of £555.31 million, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The stock’s fifty day moving average is GBX 201.42 and its two-hundred day moving average is GBX 241.33.

Morgan Advanced Materials (LON:MGAM) last posted its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.34) earnings per share (EPS) for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. Analysts forecast that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.

Morgan Advanced Materials Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 13th. Investors of record on Thursday, April 10th will be given a dividend of GBX 6.80 ($0.09) per share. This represents a dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Morgan Advanced Materials’s previous dividend of $5.40. Morgan Advanced Materials’s payout ratio is currently 49.39%.

Insider Activity

In related news, insider Pete Raby bought 13,500 shares of Morgan Advanced Materials stock in a transaction on Friday, April 4th. The shares were purchased at an average price of GBX 182 ($2.42) per share, for a total transaction of £24,570 ($32,612.16). Corporate insiders own 1.69% of the company’s stock.

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.