Morgan Advanced Materials (LON:MGAM) Posts Quarterly Earnings Results

Morgan Advanced Materials (LON:MGAM) released 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 return on equity of 6.66% and a net margin of 2.12%.

Morgan Advanced Materials Trading Up 3.7%

MGAM stock traded up GBX 9 during trading on Friday, hitting GBX 254. The company had a trading volume of 1,107,555 shares, compared to its average volume of 3,206,896. The stock has a market cap of £702.09 million, a PE ratio of 33.87, a PEG ratio of 0.51 and a beta of 1.22. The business has a 50-day moving average of GBX 222.25 and a 200-day moving average of GBX 220.78. The company has a current ratio of 1.23, a quick ratio of 1.26 and a debt-to-equity ratio of 113.93. Morgan Advanced Materials has a one year low of GBX 179.80 and a one year high of GBX 257.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 230 target price on shares of Morgan Advanced Materials in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 235.

Insider Transactions at Morgan Advanced Materials

In other news, insider Richard Armitage sold 33,105 shares of the business’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. Insiders own 1.25% of the company’s stock.

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.