Morgan Advanced Materials plc (LON:MGAM) Insider Damien Caby Sells 15,016 Shares of Stock

Morgan Advanced Materials plc (LON:MGAM) insider Damien Caby sold 15,016 shares of Morgan Advanced Materials stock in a transaction dated Friday, May 30th. The stock was sold at an average price of GBX 212 ($2.87), for a total value of £31,833.92 ($43,123.71).

Morgan Advanced Materials Stock Down 0.2%

Shares of LON MGAM opened at GBX 211.50 ($2.87) on Tuesday. The firm has a market cap of £596.19 million, a price-to-earnings ratio of 8.70, a PEG ratio of 0.51 and a beta of 1.34. Morgan Advanced Materials plc has a 1 year low of GBX 171.20 ($2.32) and a 1 year high of GBX 347 ($4.70). The stock’s 50-day simple moving average is GBX 198.37 and its 200-day simple moving average is GBX 235.10. 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 quarterly earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.35) EPS for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. As a group, equities analysts anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada dropped their target price on Morgan Advanced Materials from GBX 320 ($4.33) to GBX 265 ($3.59) and set an “outperform” rating on the stock in a research report on Monday, March 3rd.

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.