Morgan Advanced Materials plc (LON:MGAM - Get Free Report) insider Pete Raby sold 4,156 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of GBX 285 ($3.60), for a total transaction of £11,844.60 ($14,968.53).
Morgan Advanced Materials Stock Performance
Shares of MGAM opened at GBX 289.50 ($3.66) on Thursday. Morgan Advanced Materials plc has a 12 month low of GBX 215.50 ($2.72) and a 12 month high of GBX 313.50 ($3.96). The firm has a fifty day simple moving average of GBX 271.36 and a 200 day simple moving average of GBX 259.75. The stock has a market capitalization of £826.15 million, a price-to-earnings ratio of 1,809.38, a PEG ratio of 0.62 and a beta of 1.43. The company has a current ratio of 2.06, a quick ratio of 1.26 and a debt-to-equity ratio of 89.51.
Morgan Advanced Materials Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 25th will be given a dividend of GBX 6.70 ($0.08) per share. This is a positive change from Morgan Advanced Materials's previous dividend of $5.30. This represents a yield of 2.49%. The ex-dividend date of this dividend is Thursday, April 25th. Morgan Advanced Materials's dividend payout ratio is 7,500.00%.
Analysts Set New Price Targets
Separately, Jefferies Financial Group cut shares of Morgan Advanced Materials to a "hold" rating and set a GBX 315 ($3.98) target price for the company. in a report on Wednesday, January 31st.
The “Next Bitcoin”? 10 CENT Crypto Set to Explode
From True Market Insiders | Ad
The man who bought Bitcoin and Ethereum in 2017… and has spotted 44 different coins that have returned over 100%...
Is now exposing a 10-cent coin that just partnered with Amazon…
Click For My #1 FREE Crypto for 2024
Get Our Latest Analysis on Morgan Advanced Materials
Morgan Advanced Materials Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
