Morgan Advanced Materials (LON:MGAM) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Morgan Advanced Materials plc (LON:MGAM)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 299.13 ($3.77) and traded as low as GBX 251.50 ($3.17). Morgan Advanced Materials shares last traded at GBX 256 ($3.23), with a volume of 890,252 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MGAM shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Morgan Advanced Materials from GBX 335 ($4.22) to GBX 320 ($4.03) and set a “hold” rating for the company in a report on Friday, September 13th. Royal Bank of Canada dropped their price target on Morgan Advanced Materials from GBX 350 ($4.41) to GBX 320 ($4.03) and set an “outperform” rating for the company in a report on Thursday, November 7th.

Morgan Advanced Materials Trading Up 1.6 %

The company has a debt-to-equity ratio of 93.89, a current ratio of 2.19 and a quick ratio of 1.26. The business’s 50-day moving average is GBX 265.14 and its 200 day moving average is GBX 299.13. The firm has a market capitalization of £728.47 million, a P/E ratio of 1,066.67, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34.

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.