Insider Selling: Morgan Advanced Materials plc (LON:MGAM) Insider Sells £98,436.12 in Stock

Morgan Advanced Materials plc (LON:MGAM) insider Pete Raby sold 48,253 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of GBX 204 ($2.63), for a total value of £98,436.12 ($126,736.35).

Morgan Advanced Materials Stock Performance

Shares of Morgan Advanced Materials stock traded down GBX 1.50 ($0.02) during trading on Thursday, hitting GBX 210.50 ($2.71). 32,670,740 shares of the stock were exchanged, compared to its average volume of 2,653,678. The company has a current ratio of 2.19, a quick ratio of 1.26 and a debt-to-equity ratio of 103.31. The company has a fifty day moving average price of GBX 245.74 and a 200-day moving average price of GBX 258.23. The stock has a market capitalization of £593.37 million, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. Morgan Advanced Materials plc has a 1-year low of GBX 198 ($2.55) and a 1-year high of GBX 347 ($4.47).

Morgan Advanced Materials (LON:MGAM) last released its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.33) earnings per share (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 predict that Morgan Advanced Materials plc will post 32.5 EPS for the current fiscal year.

Morgan Advanced Materials Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Thursday, April 10th will be given a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 3.17%. This is a boost from Morgan Advanced Materials’s previous dividend of $5.40. The ex-dividend date is Thursday, April 10th. Morgan Advanced Materials’s payout ratio is 49.39%.

Wall Street Analyst Weigh In

MGAM has been the subject of several analyst reports. Royal Bank of Canada decreased their price objective on Morgan Advanced Materials from GBX 320 ($4.12) to GBX 265 ($3.41) and set an “outperform” rating for the company in a report on Monday, March 3rd. Citigroup raised their price target on Morgan Advanced Materials from GBX 325 ($4.18) to GBX 330 ($4.25) and gave the company a “buy” rating in a research note on Thursday, January 23rd.

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.