Morgan Advanced Materials (LON:MGAM) Issues Earnings Results

Morgan Advanced Materials (LON:MGAM) posted its quarterly earnings results 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

LON:MGAM opened at GBX 254 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.26 and a debt-to-equity ratio of 113.93. The firm has a market cap of £702.09 million, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22. The company’s 50-day moving average is GBX 222.73 and its two-hundred day moving average is GBX 221.02. Morgan Advanced Materials has a 12-month low of GBX 179.80 and a 12-month high of GBX 257.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 230 price objective on shares of Morgan Advanced Materials in a report 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. Based on data from MarketBeat, the company 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 6,251 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 value of £13,939.73. 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.