Morgan Advanced Materials (LON:MGAM) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Morgan Advanced Materials plc (LON:MGAM) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 212.73 and traded as low as GBX 201. Morgan Advanced Materials shares last traded at GBX 201, with a volume of 406,677 shares changing hands.

Analyst Ratings Changes

A number of research firms recently commented on MGAM. Citigroup decreased their price objective on Morgan Advanced Materials from GBX 265 to GBX 240 and set a “buy” rating on the stock in a report on Friday, August 8th. Royal Bank Of Canada lowered Morgan Advanced Materials to a “sector perform” rating and decreased their price target for the company from GBX 250 to GBX 210 in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft lowered their price target on Morgan Advanced Materials from GBX 250 to GBX 235 and set a “hold” rating for the company in a report on Friday, September 5th. Finally, Berenberg Bank started coverage on Morgan Advanced Materials in a research report on Wednesday, October 22nd. They set a “buy” rating and a GBX 250 price objective for the company. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 233.75.

Morgan Advanced Materials Stock Down 1.0%

The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31. The stock has a market cap of £558.05 million, a PE ratio of 20.51, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The firm has a fifty day moving average of GBX 206.64 and a 200 day moving average of GBX 212.73.

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.