Morgan Advanced Materials (LON:MGAM) Hits New 52-Week High at $315.00

Shares of Morgan Advanced Materials plc (LON:MGAM) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 315 ($3.89) and last traded at GBX 315 ($3.89), with a volume of 526335 shares trading hands. The stock had previously closed at GBX 306 ($3.78).

Analyst Ratings Changes

Separately, Jefferies Financial Group cut shares of Morgan Advanced Materials to a “hold” rating and set a GBX 315 ($3.89) price target for the company. in a report on Wednesday, January 31st.

Morgan Advanced Materials Price Performance

The company has a debt-to-equity ratio of 89.51, a current ratio of 2.06 and a quick ratio of 1.26. The stock’s fifty day simple moving average is GBX 280.23 and its 200-day simple moving average is GBX 266.94. The company has a market capitalization of £901.77 million, a P/E ratio of 1,953.13, a PEG ratio of 0.65 and a beta of 1.43.

Morgan Advanced Materials Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 25th will be paid a GBX 6.70 ($0.08) dividend. This represents a dividend yield of 2.49%. The ex-dividend date is Thursday, April 25th. This is a boost from Morgan Advanced Materials’s previous dividend of $5.30. Morgan Advanced Materials’s dividend payout ratio (DPR) is presently 7,500.00%.

Insider Activity at Morgan Advanced Materials

In other Morgan Advanced Materials news, insider Pete Raby sold 4,156 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of GBX 285 ($3.52), for a total transaction of £11,844.60 ($14,630.19). In related news, insider Clement Woon purchased 15,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average price of GBX 266 ($3.29) per share, with a total value of £39,900 ($49,283.60). Also, insider Pete Raby sold 4,156 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of GBX 285 ($3.52), for a total value of £11,844.60 ($14,630.19). 1.40% of the stock is owned by corporate insiders.

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.