Morgan Advanced Materials plc (LON:MGAM) Insider Pete Raby Sells 48,253 Shares

Morgan Advanced Materials plc (LON:MGAM) insider Pete Raby sold 48,253 shares of Morgan Advanced Materials 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 Performance

LON:MGAM opened at GBX 210.73 ($2.73) on Friday. The stock’s 50 day simple moving average is GBX 243.78 and its two-hundred day simple moving average is GBX 257.57. Morgan Advanced Materials plc has a 1 year low of GBX 198 ($2.56) and a 1 year high of GBX 347 ($4.49). The company has a debt-to-equity ratio of 103.31, a current ratio of 2.19 and a quick ratio of 1.26. The company has a market cap of £594.01 million, a price-to-earnings ratio of 8.67, a PEG ratio of 0.51 and a beta of 1.34.

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

Morgan Advanced Materials Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MGAM shares. Royal Bank of Canada cut their price objective on shares of 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 lifted their price target 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 report 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.