Morgan Advanced Materials (LON:MGAM) Trading Down 0.8% – What’s Next?

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

Wall Street Analyst Weigh In

Several research firms recently commented on MGAM. Royal Bank of Canada decreased their price target on shares of Morgan Advanced Materials from GBX 320 ($4.25) to GBX 265 ($3.52) and set an “outperform” rating for the company in a report on Monday, March 3rd. Citigroup upped their price target 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 Trading Up 1.5 %

The company has a market cap 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 company’s 50 day moving average price is GBX 201.42 and its 200 day moving average price is GBX 241.33. 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 posted its earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.34) earnings per share for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. Research analysts anticipate that Morgan Advanced Materials plc will post 32.5 EPS 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 Transactions at Morgan Advanced Materials

In related news, insider Pete Raby sold 48,253 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of GBX 204 ($2.71), for a total value of £98,436.12 ($130,655.85). Corporate insiders own 1.69% of the company’s stock.

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.