Morgan Advanced Materials (LON:MGAM) Reaches New 52-Week Low at $233.50

Morgan Advanced Materials plc (LON:MGAMGet Rating) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 233.50 ($2.82) and last traded at GBX 233.50 ($2.82), with a volume of 108451 shares. The stock had previously closed at GBX 242 ($2.92).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 425 ($5.14) price target on shares of Morgan Advanced Materials in a report on Tuesday, June 7th.

Morgan Advanced Materials Stock Performance

The company has a market capitalization of £666.34 million and a PE ratio of 930.77. The business’s 50-day moving average is GBX 276.92 and its 200-day moving average is GBX 290.22. The company has a debt-to-equity ratio of 59.17, a quick ratio of 1.26 and a current ratio of 1.94.

Morgan Advanced Materials Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 18th. Investors of record on Thursday, October 27th will be given a dividend of GBX 5.30 ($0.06) per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a yield of 1.75%. Morgan Advanced Materials’s dividend payout ratio (DPR) is 35.00%.

Morgan Advanced Materials Company Profile

(Get Rating)

Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It offers high-temperature insulating fibers, microporous, firebrick and insulating firebrick, monolithic, heat shields, and fired refractory shape products; crucibles, foundry and ferrous products, and furnace industries furnace ranges; and seals and bearings, such as face seals, split and segmented seals, sliding bearings, shafts, rotary vane pump components, and sliding valve components.

Further Reading

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