Damien Caby Sells 15,016 Shares of Morgan Advanced Materials plc (LON:MGAM) Stock

Morgan Advanced Materials plc (LON:MGAM) insider Damien Caby sold 15,016 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of GBX 212 ($2.87), for a total transaction of £31,833.92 ($43,036.26).

Morgan Advanced Materials Price Performance

MGAM stock opened at GBX 215 ($2.91) on Wednesday. Morgan Advanced Materials plc has a 52 week low of GBX 171.20 ($2.31) and a 52 week high of GBX 347 ($4.69). The firm has a market capitalization of £606.05 million, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31. The company has a fifty day simple moving average of GBX 198.46 and a two-hundred day simple moving average of GBX 234.81.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada dropped their price target on shares of Morgan Advanced Materials from GBX 320 ($4.33) to GBX 265 ($3.58) and set an “outperform” rating for the company in a research report on Monday, March 3rd.

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.