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

Morgan Advanced Materials plc (LON:MGAM)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 286.42 ($3.56) and traded as low as GBX 267 ($3.32). Morgan Advanced Materials shares last traded at GBX 270.50 ($3.36), with a volume of 384,994 shares.

Analysts Set New Price Targets

MGAM has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their target price on shares of Morgan Advanced Materials from GBX 350 ($4.35) to GBX 320 ($3.98) and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft cut their target price on Morgan Advanced Materials from GBX 335 ($4.16) to GBX 320 ($3.98) and set a “hold” rating on the stock in a research report on Friday, September 13th.

Morgan Advanced Materials Stock Performance

The stock has a market cap of £769.73 million, a PE ratio of 1,127.08, a P/E/G ratio of 0.51 and a beta of 1.34. The firm’s 50-day moving average is GBX 260.73 and its 200 day moving average is GBX 286.42. The company has a debt-to-equity ratio of 93.89, a quick ratio of 1.26 and a current ratio of 2.19.

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.