Morgan Advanced Materials (LON:MGAM) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Morgan Advanced Materials plc (LON:MGAM) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 280.18 ($3.47) and traded as low as GBX 263.50 ($3.27). Morgan Advanced Materials shares last traded at GBX 272 ($3.37), with a volume of 343,518 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank of Canada cut their price objective on shares of Morgan Advanced Materials from GBX 350 ($4.34) to GBX 320 ($3.97) and set an “outperform” rating on the stock in a report on Thursday, November 7th. Citigroup boosted their price target on Morgan Advanced Materials from GBX 325 ($4.03) to GBX 330 ($4.09) and gave the stock a “buy” rating in a research note on Thursday, January 23rd.

Morgan Advanced Materials Stock Up 0.7 %

The stock has a market capitalization of £779.69 million, a P/E ratio of 1,141.67, a P/E/G ratio of 0.51 and a beta of 1.34. The company has a current ratio of 2.19, a quick ratio of 1.26 and a debt-to-equity ratio of 93.89. The stock’s 50 day simple moving average is GBX 265.70 and its 200 day simple moving average is GBX 279.85.

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.