Morgan Advanced Materials (LON:MGAM) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Morgan Advanced Materials plc (LON:MGAMGet 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%

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 has a market capitalization of £662.01 million, a price-to-earnings ratio of 31.93, a PEG ratio of 0.51 and a beta of 1.22. The business has a 50 day moving average of GBX 221.87 and a 200 day moving average of GBX 220.72.

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

(Get Free Report)

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.

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