Morgan Advanced Materials (LON:MGAM) Trading 0.6% Higher – Still a Buy?

Morgan Advanced Materials plc (LON:MGAM)’s stock price shot up 0.6% during mid-day trading on Thursday . The stock traded as high as GBX 270 ($3.39) and last traded at GBX 270 ($3.39). 10,476 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 804,052 shares. The stock had previously closed at GBX 268.50 ($3.38).

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MGAM shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Morgan Advanced Materials from GBX 335 ($4.21) to GBX 320 ($4.02) and set a “hold” rating on the stock in a research report on Friday, September 13th. Royal Bank of Canada reduced their price objective 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.

Morgan Advanced Materials Stock Down 1.4 %

The firm has a 50 day moving average of GBX 258.56 and a two-hundred day moving average of GBX 290.08. The stock has a market capitalization of £757.64 million, a PE ratio of 1,109.38, 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.

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.