Morgan Advanced Materials plc (LON:MGAM) Insider Sells £98,436.12 in Stock

Morgan Advanced Materials plc (LON:MGAM) insider Pete Raby sold 48,253 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of GBX 204 ($2.64), for a total transaction of £98,436.12 ($127,408.90).

Morgan Advanced Materials Trading Down 0.1 %

Shares of LON:MGAM opened at GBX 210.73 ($2.73) on Friday. The company has a current ratio of 2.19, a quick ratio of 1.26 and a debt-to-equity ratio of 103.31. The stock has a market capitalization of £594.01 million, a PE ratio of 8.67, a P/E/G ratio of 0.51 and a beta of 1.34. 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 firm has a fifty day moving average price of GBX 243.78 and a 200 day moving average price of GBX 257.34.

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

Morgan Advanced Materials Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on MGAM. Citigroup boosted their target price on Morgan Advanced Materials from GBX 325 ($4.21) to GBX 330 ($4.27) and gave the company a “buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada lowered their price target on Morgan Advanced Materials from GBX 320 ($4.14) to GBX 265 ($3.43) and set an “outperform” rating for the company in a research note on Monday, March 3rd.

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.