Morgan Advanced Materials plc (LON:MGAM) Insider Sells £98,436.12 in Stock

Morgan Advanced Materials plc (LON:MGAM) insider Pete Raby sold 48,253 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of GBX 204 ($2.64), for a total value of £98,436.12 ($127,408.90).

Morgan Advanced Materials Stock Down 0.1 %

MGAM stock opened at GBX 210.73 ($2.73) on Friday. The business’s 50-day simple moving average is GBX 243.78 and its 200 day simple moving average is GBX 257.34. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31. The company has a market cap of £594.01 million, a PE ratio of 8.67, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. Morgan Advanced Materials plc has a twelve month low of GBX 198 ($2.56) and a twelve month high of GBX 347 ($4.49).

Morgan Advanced Materials (LON:MGAM) last announced its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.33) earnings per share for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. On average, research analysts anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.

Morgan Advanced Materials Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Thursday, April 10th will be issued a GBX 6.80 ($0.09) dividend. This represents a yield of 3.17%. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Morgan Advanced Materials’s previous dividend of $5.40. Morgan Advanced Materials’s payout ratio is 49.39%.

Wall Street Analyst Weigh In

MGAM has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price target on Morgan Advanced Materials from GBX 320 ($4.14) to GBX 265 ($3.43) and set an “outperform” rating for the company in a report on Monday, March 3rd. Citigroup upped their target price on shares of Morgan Advanced Materials from GBX 325 ($4.21) to GBX 330 ($4.27) and gave the company a “buy” rating in a research note on Thursday, January 23rd.

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.