Morgan Advanced Materials (LON:MGAM) Stock Price Down 20.5% – Time to Sell?

Morgan Advanced Materials plc (LON:MGAM) fell 20.5% during mid-day trading on Friday . The company traded as low as GBX 201 ($2.53) and last traded at GBX 203.52 ($2.57). 3,990,261 shares were traded during trading, an increase of 171% from the average session volume of 1,470,783 shares. The stock had previously closed at GBX 256 ($3.23).

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MGAM shares. Royal Bank of Canada lowered their target price on shares of Morgan Advanced Materials from GBX 350 ($4.41) to GBX 320 ($4.03) and set an “outperform” rating on the stock in a report on Thursday, November 7th. Citigroup upped their price target on Morgan Advanced Materials from GBX 325 ($4.10) to GBX 330 ($4.16) and gave the stock a “buy” rating in a report on Thursday, January 23rd.

Morgan Advanced Materials Stock Performance

The company’s 50 day simple moving average is GBX 266.36 and its 200 day simple moving average is GBX 271.51. 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 stock has a market cap of £604.67 million, a PE ratio of 8.83, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34.

Morgan Advanced Materials (LON:MGAM) last issued its quarterly earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.32) EPS for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. Analysts expect that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.

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.