Morgan Advanced Materials (LON:MGAM) Stock Price Up 0.4% – Time to Buy?

Morgan Advanced Materials plc (LON:MGAM) rose 0.4% during trading on Wednesday . The stock traded as high as GBX 270.50 ($3.41) and last traded at GBX 269.02 ($3.40). Approximately 279,735 shares changed hands during trading, a decline of 65% from the average daily volume of 804,164 shares. The stock had previously closed at GBX 268 ($3.38).

Wall Street Analyst Weigh In

MGAM has been the topic of a number of research reports. Royal Bank of Canada dropped their price objective on shares of Morgan Advanced Materials from GBX 350 ($4.42) to GBX 320 ($4.04) and set an “outperform” rating on the stock in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Morgan Advanced Materials from GBX 335 ($4.23) to GBX 320 ($4.04) and set a “hold” rating on the stock in a report on Friday, September 13th.

Morgan Advanced Materials Price Performance

The company has a debt-to-equity ratio of 93.89, a quick ratio of 1.26 and a current ratio of 2.19. The firm’s fifty day moving average is GBX 258.51 and its two-hundred day moving average is GBX 291.45. The company has a market cap of £771.16 million, a P/E ratio of 1,129.08, a P/E/G ratio of 0.51 and a beta of 1.34.

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.