Morgan Advanced Materials (LON:MGAM) Insider Richard Armitage Sells 6,251 Shares

Morgan Advanced Materials plc (LON:MGAM) insider Richard Armitage sold 6,251 shares of Morgan Advanced Materials stock in a transaction dated Monday, May 11th. The shares were sold at an average price of GBX 223, for a total transaction of £13,939.73.

Richard Armitage also recently made the following trade(s):

• On Monday, May 11th, Richard Armitage sold 33,105 shares of Morgan Advanced Materials stock. The stock was sold at an average price of GBX 223, for a total transaction of £73,824.15.

Morgan Advanced Materials Price Performance

Shares of LON:MGAM traded down GBX 7.50 during midday trading on Tuesday, hitting GBX 216. The company’s stock had a trading volume of 492,612 shares, compared to its average volume of 2,525,261. The business’s 50 day simple moving average is GBX 210.73 and its 200 day simple moving average is GBX 215.44. The company has a debt-to-equity ratio of 113.93, a quick ratio of 1.26 and a current ratio of 1.23. The company has a market cap of £597.06 million, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 0.51 and a beta of 1.21. Morgan Advanced Materials plc has a 12-month low of GBX 167 and a 12-month high of GBX 251.50.

Morgan Advanced Materials (LON:MGAM) last issued its earnings results on Tuesday, March 3rd. The company reported GBX 15.90 EPS for the quarter. Morgan Advanced Materials had a net margin of 2.12% and a return on equity of 6.66%. On average, analysts forecast that Morgan Advanced Materials plc will post 32.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MGAM shares. Citigroup lifted their target price on shares of Morgan Advanced Materials from GBX 230 to GBX 235 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Berenberg Bank reissued a “buy” rating and issued a GBX 265 price target on shares of Morgan Advanced Materials in a research note on Wednesday, March 4th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 230 price target on shares of Morgan Advanced Materials in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 210 price target on shares of Morgan Advanced Materials in a research note on Wednesday, March 4th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 235.

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