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

Morgan Advanced Materials plc (LON:MGAM) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 272.61 ($3.46) and traded as low as GBX 259.50 ($3.29). Morgan Advanced Materials shares last traded at GBX 261.07 ($3.31), with a volume of 759,121 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MGAM shares. Royal Bank of Canada decreased their price objective on Morgan Advanced Materials from GBX 350 ($4.44) to GBX 320 ($4.06) and set an “outperform” rating for the company in a research report on Thursday, November 7th. Citigroup raised their price objective on Morgan Advanced Materials from GBX 325 ($4.12) to GBX 330 ($4.18) and gave the stock a “buy” rating in a research report on Thursday, January 23rd.

Morgan Advanced Materials Trading Up 0.8 %

The firm has a market capitalization of £737.13 million, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. 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 company has a fifty day moving average price of GBX 266.75 and a 200-day moving average price of GBX 272.23.

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.