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

Morgan Advanced Materials (LON:MGAM) released its quarterly earnings data on Friday. The company reported GBX 25.50 ($0.32) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%.

Morgan Advanced Materials Trading Down 16.2 %

MGAM opened at GBX 214.51 ($2.70) on Friday. The stock has a market capitalization of £604.67 million, a PE ratio of 8.83, a P/E/G ratio of 0.51 and a beta of 1.34. The firm’s fifty day moving average price is GBX 265.32 and its 200 day moving average price is GBX 270.56. The company has a debt-to-equity ratio of 103.31, a current ratio of 2.19 and a quick ratio of 1.26. Morgan Advanced Materials has a 12-month low of GBX 198 ($2.49) and a 12-month high of GBX 347 ($4.36).

Analyst Ratings Changes

MGAM has been the subject of several analyst reports. Royal Bank of Canada decreased their target price on shares of Morgan Advanced Materials from GBX 350 ($4.40) to GBX 320 ($4.02) and set an “outperform” rating for the company in a research note on Thursday, November 7th. Citigroup upped their price target on shares of Morgan Advanced Materials from GBX 325 ($4.09) to GBX 330 ($4.15) and gave the company a “buy” rating in a report on Thursday, January 23rd.

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.