Morgan Advanced Materials (LON:MGAM) Shares Up 0.6% – Still a Buy?

Morgan Advanced Materials plc (LON:MGAM) shares shot up 0.6% during mid-day trading on Thursday . The company traded as high as GBX 270 ($3.39) and last traded at GBX 270 ($3.39). 10,476 shares were traded during trading, a decline of 99% from the average session volume of 804,052 shares. The stock had previously closed at GBX 268.50 ($3.37).

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MGAM. Royal Bank of Canada reduced their price objective on Morgan Advanced Materials from GBX 350 ($4.40) to GBX 320 ($4.02) and set an “outperform” rating for the company in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Morgan Advanced Materials from GBX 335 ($4.21) to GBX 320 ($4.02) and set a “hold” rating for the company in a research report on Friday, September 13th.

Morgan Advanced Materials Stock Down 0.4 %

The company has a current ratio of 2.19, a quick ratio of 1.26 and a debt-to-equity ratio of 93.89. The firm has a market cap of £758.35 million, a price-to-earnings ratio of 1,110.42, a PEG ratio of 0.51 and a beta of 1.34. The firm has a 50-day moving average of GBX 258.66 and a two-hundred day moving average of GBX 289.45.

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.