Insider Selling: Morgan Advanced Materials plc (LON:MGAM) Insider Sells 48,253 Shares of Stock

Morgan Advanced Materials plc (LON:MGAM) insider Pete Raby sold 48,253 shares of Morgan Advanced Materials stock in a transaction 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 Trading Down 0.7 %

Shares of Morgan Advanced Materials stock traded down GBX 1.50 ($0.02) during trading hours on Thursday, hitting GBX 210.50 ($2.71). The company’s stock had a trading volume of 32,670,740 shares, compared to its average volume of 2,653,678. The company has a market capitalization of £593.37 million, a PE ratio of 8.66, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The company has a debt-to-equity ratio of 103.31, a current ratio of 2.19 and a quick ratio of 1.26. The stock has a 50 day moving average of GBX 245.74 and a 200 day moving average of GBX 258.23. Morgan Advanced Materials plc has a 12 month low of GBX 198 ($2.55) and a 12 month high of GBX 347 ($4.47).

Morgan Advanced Materials (LON:MGAM) last posted its earnings results 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%. Analysts predict that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.

Morgan Advanced Materials Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on MGAM. Royal Bank of Canada reduced their target price on Morgan Advanced Materials from GBX 320 ($4.12) to GBX 265 ($3.41) and set an “outperform” rating on the stock in a report on Monday, March 3rd. Citigroup lifted their price objective on shares of Morgan Advanced Materials from GBX 325 ($4.18) to GBX 330 ($4.25) and gave the stock a “buy” rating in a research note on Thursday, January 23rd.

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.