Shares of Morgan Advanced Materials plc (LON:MGAM – Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 220.72 and traded as high as GBX 240. Morgan Advanced Materials shares last traded at GBX 237.50, with a volume of 122,380,844 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 230 price target on shares of Morgan Advanced Materials in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 235.
View Our Latest Stock Report on MGAM
Morgan Advanced Materials Trading Down 0.2%
Insider Buying and Selling at Morgan Advanced Materials
In other news, insider Richard Armitage sold 33,105 shares of Morgan Advanced Materials stock in a transaction on Monday, May 11th. The shares were sold at an average price of GBX 223, for a total transaction of £73,824.15. 1.25% of the stock is currently owned by corporate insiders.
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. Morgan Advanced Materials plc was founded in 1856 and is headquartered in Windsor, the United Kingdom.
See Also
- Five stocks we like better than Morgan Advanced Materials
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Receive News & Ratings for Morgan Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.
