Pete Raby Sells 58,839 Shares of Morgan Advanced Materials plc (LON:MGAM) Stock

Morgan Advanced Materials plc (LON:MGAM – Get Rating) insider Pete Raby sold 58,839 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of GBX 289 ($3.59), for a total value of £170,044.71 ($211,498.40).

Morgan Advanced Materials Stock Performance

MGAM opened at GBX 282 ($3.51) on Friday. The company has a debt-to-equity ratio of 74.05, a quick ratio of 1.26 and a current ratio of 1.75. The business’s 50-day simple moving average is GBX 288.36 and its 200 day simple moving average is GBX 301.48. The firm has a market capitalization of £804.74 million, a PE ratio of 940.00, a PEG ratio of 2.45 and a beta of 1.45. Morgan Advanced Materials plc has a 52-week low of GBX 211 ($2.62) and a 52-week high of GBX 327.62 ($4.07).

Morgan Advanced Materials Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 8th will be paid a GBX 6.70 ($0.08) dividend. This is a positive change from Morgan Advanced Materials’s previous dividend of $5.30. The ex-dividend date of this dividend is Thursday, June 8th. This represents a yield of 2.25%. Morgan Advanced Materials’s dividend payout ratio is currently 4,000.00%.

Morgan Advanced Materials Company Profile

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Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It offers high-temperature insulating fibers, microporous, firebrick and insulating firebrick, monolithic, heat shields, and fired refractory shape products; crucibles, foundry and ferrous products, and furnace industries furnace ranges; and seals and bearings, such as face seals, split and segmented seals, sliding bearings, shafts, rotary vane pump components, and sliding valve components.