Morgan Advanced Materials (LON:MGAM) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Morgan Advanced Materials plc (LON:MGAM)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 220.59 and traded as low as GBX 211. Morgan Advanced Materials shares last traded at GBX 214.50, with a volume of 409,412 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 230 price objective 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 given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 235.

Morgan Advanced Materials Trading Up 0.2%

The company has a debt-to-equity ratio of 113.93, a current ratio of 1.23 and a quick ratio of 1.26. The firm’s fifty day moving average is GBX 221.20 and its two-hundred day moving average is GBX 220.59. The firm has a market capitalization of £592.91 million, a PE ratio of 28.60, a PEG ratio of 0.51 and a beta of 1.22.

Insider Transactions at Morgan Advanced Materials

In related news, insider Richard Armitage sold 6,251 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of GBX 223, for a total transaction of £13,939.73. Corporate insiders own 1.25% of the company’s stock.

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.