Morgan Advanced Materials (LON:MGAM) Trading Up 0.4% – What’s Next?

Morgan Advanced Materials plc (LON:MGAM)’s stock price was up 0.4% during mid-day trading on Wednesday . The company traded as high as GBX 270.50 ($3.41) and last traded at GBX 269.02 ($3.40). Approximately 279,735 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 804,164 shares. The stock had previously closed at GBX 268 ($3.38).

Wall Street Analysts Forecast Growth

MGAM has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Morgan Advanced Materials from GBX 335 ($4.23) to GBX 320 ($4.04) and set a “hold” rating on the stock in a research report on Friday, September 13th. Royal Bank of Canada decreased their target price on shares of Morgan Advanced Materials from GBX 350 ($4.42) to GBX 320 ($4.04) and set an “outperform” rating on the stock in a research report on Thursday, November 7th.

Morgan Advanced Materials Stock Up 0.4 %

The company has a market cap of £771.16 million, a PE ratio of 1,129.08, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The company has a fifty day moving average of GBX 258.51 and a two-hundred day moving average of GBX 291.45. The company has a debt-to-equity ratio of 93.89, a quick ratio of 1.26 and a current ratio of 2.19.

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.