Morgan Advanced Materials (LON:MGAM) Stock Price Crosses Below 200-Day Moving Average of $304.25

Morgan Advanced Materials plc (LON:MGAM) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 304.25 ($4.00) and traded as low as GBX 286 ($3.76). Morgan Advanced Materials shares last traded at GBX 288.50 ($3.79), with a volume of 280,768 shares.

Morgan Advanced Materials Stock Performance

The company has a debt-to-equity ratio of 93.89, a current ratio of 2.19 and a quick ratio of 1.26. The firm has a fifty day moving average price of GBX 316.52 and a two-hundred day moving average price of GBX 304.25. The stock has a market capitalization of £820.96 million, a PE ratio of 1,202.08, a P/E/G ratio of 0.59 and a beta of 1.34.

Morgan Advanced Materials Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 24th will be issued a GBX 5.40 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a dividend yield of 1.71%. Morgan Advanced Materials’s payout ratio is 5,000.00%.

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.