Morgan Advanced Materials (LON:MGAM) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Morgan Advanced Materials plc (LON:MGAMGet Free Report)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 220.71 and traded as low as GBX 216.50. Morgan Advanced Materials shares last traded at GBX 218, with a volume of 1,530,271 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 230 target price on shares of Morgan Advanced Materials in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Morgan Advanced Materials has a consensus rating of “Hold” and a consensus price target of GBX 235.

Read Our Latest Research Report on Morgan Advanced Materials

Morgan Advanced Materials Stock Performance

The stock has a market capitalization of £602.58 million, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22. The company has a debt-to-equity ratio of 113.93, a current ratio of 1.23 and a quick ratio of 1.26. The stock has a 50-day moving average of GBX 220.56 and a 200 day moving average of GBX 220.71.

Insider Activity

In other news, insider Richard Armitage sold 33,105 shares of Morgan Advanced Materials stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of GBX 223, for a total transaction of £73,824.15. Company insiders own 1.25% of the company’s stock.

Morgan Advanced Materials Company Profile

(Get Free Report)

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. Morgan Advanced Materials plc was founded in 1856 and is headquartered in Windsor, the United Kingdom.

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