Morgan Advanced Materials (LON:MGAM – Get Free Report) announced its quarterly earnings data on Friday. The company reported GBX 10.70 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Morgan Advanced Materials had a net margin of 2.12% and a return on equity of 6.66%.
Morgan Advanced Materials Price Performance
Shares of Morgan Advanced Materials stock traded up GBX 9 during midday trading on Friday, hitting GBX 254. 1,107,555 shares of the company traded hands, compared to its average volume of 3,206,896. The firm’s fifty day moving average price is GBX 222.25 and its 200-day moving average price is GBX 220.78. The stock has a market cap of £702.09 million, a price-to-earnings ratio of 33.87, a PEG ratio of 0.51 and a beta of 1.22. Morgan Advanced Materials has a 12 month low of GBX 179.80 and a 12 month high of GBX 257. The company has a debt-to-equity ratio of 113.93, a quick ratio of 1.26 and a current ratio of 1.23.
Analyst Ratings Changes
Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 230 target price on shares of Morgan Advanced Materials in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 235.
Insider Buying and Selling
In other Morgan Advanced Materials news, insider Richard Armitage sold 33,105 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of GBX 223, for a total value of £73,824.15. 1.25% of the stock is currently owned by insiders.
Morgan Advanced Materials Company Profile
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.
Featured Stories
- Five stocks we like better than Morgan Advanced Materials
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Receive News & Ratings for Morgan Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.
