Morgan Advanced Materials (LON:MGAM) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Morgan Advanced Materials plc (LON:MGAM) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 244.77 ($3.25) and traded as low as GBX 183.40 ($2.43). Morgan Advanced Materials shares last traded at GBX 185.20 ($2.46), with a volume of 355,312 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup boosted their price target on Morgan Advanced Materials from GBX 325 ($4.31) to GBX 330 ($4.38) and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada decreased their price target on shares of Morgan Advanced Materials from GBX 320 ($4.25) to GBX 265 ($3.52) and set an “outperform” rating for the company in a research report on Monday, March 3rd.

Morgan Advanced Materials Stock Performance

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 £522.05 million, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The firm has a fifty day moving average price of GBX 211.79 and a 200 day moving average price of GBX 244.77.

Morgan Advanced Materials (LON:MGAM) last released its quarterly earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.34) EPS for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. Research analysts forecast that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal year.

Morgan Advanced Materials Increases Dividend

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

Insider Buying and Selling

In other Morgan Advanced Materials news, insider Pete Raby acquired 13,500 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of GBX 182 ($2.42) per share, with a total value of £24,570 ($32,607.83). 1.69% of the stock is currently owned by company insiders.

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.