Morgan Advanced Materials (LON:MGAM) Releases Earnings Results

Morgan Advanced Materials (LON:MGAM) posted its quarterly earnings data on Friday. The company reported GBX 25.50 ($0.32) earnings per share for the quarter, Digital Look Earnings reports. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%.

Morgan Advanced Materials Trading Down 16.2 %

Shares of LON:MGAM traded down GBX 41.49 ($0.52) during trading on Friday, reaching GBX 214.51 ($2.70). The stock had a trading volume of 8,720,610 shares, compared to its average volume of 1,583,410. Morgan Advanced Materials has a fifty-two week low of GBX 198 ($2.50) and a fifty-two week high of GBX 347 ($4.37). The business has a fifty day moving average price of GBX 266.36 and a 200-day moving average price of GBX 271.51. The stock has a market cap of £604.67 million, a P/E ratio of 8.83, a PEG ratio of 0.51 and a beta of 1.34. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Citigroup boosted their price objective on shares of Morgan Advanced Materials from GBX 325 ($4.10) to GBX 330 ($4.16) and gave the company a “buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada cut their price target on shares of Morgan Advanced Materials from GBX 350 ($4.41) to GBX 320 ($4.03) and set an “outperform” rating for the company in a report on Thursday, November 7th.

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.