Morgan Advanced Materials plc (LON:MGAM) Insider Richard Armitage Sells 26,348 Shares

Morgan Advanced Materials plc (LON:MGAM) insider Richard Armitage sold 26,348 shares of the firm’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of GBX 212 ($2.87), for a total value of £55,857.76 ($75,667.52).

Morgan Advanced Materials Trading Down 0.2%

Shares of Morgan Advanced Materials stock opened at GBX 211.50 ($2.87) on Tuesday. 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 plc has a 52 week low of GBX 171.20 ($2.32) and a 52 week high of GBX 347 ($4.70). The stock has a 50 day moving average price of GBX 198.37 and a two-hundred day moving average price of GBX 235.10. The stock has a market capitalization of £596.19 million, a PE ratio of 8.70, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34.

Morgan Advanced Materials (LON:MGAM) last announced its quarterly earnings data 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 decreased their target price on Morgan Advanced Materials from GBX 320 ($4.33) to GBX 265 ($3.59) and set an “outperform” rating for the company in a research note on Monday, March 3rd.

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.