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

Morgan Advanced Materials plc (LON:MGAM) insider Pete Raby sold 48,253 shares of the company’s 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 ($127,441.90).

Morgan Advanced Materials Stock Down 0.7 %

Morgan Advanced Materials stock opened at GBX 210.50 ($2.73) on Friday. The firm has a market capitalization of £593.37 million, a price-to-earnings ratio of 8.66, a P/E/G ratio of 0.51 and a beta of 1.34. The firm has a 50 day simple moving average of GBX 244.70 and a 200 day simple moving average of GBX 257.90. 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 current ratio of 2.19, a quick ratio of 1.26 and a debt-to-equity ratio of 103.31.

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

Morgan Advanced Materials Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank of Canada dropped their price target on Morgan Advanced Materials from GBX 320 ($4.14) to GBX 265 ($3.43) and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Citigroup upped their price objective 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.