Morgan Advanced Materials plc (LON:MGAM – Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 320 ($4.02) and last traded at GBX 314.86 ($3.96), with a volume of 51285 shares. The stock had previously closed at GBX 318.50 ($4.00).
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group lowered Morgan Advanced Materials to a “hold” rating and set a GBX 315 ($3.96) price objective on the stock. in a report on Wednesday, January 31st.
Check Out Our Latest Stock Analysis on MGAM
Morgan Advanced Materials Trading Up 0.2 %
Morgan Advanced Materials Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 25th will be paid a dividend of GBX 6.70 ($0.08) per share. This is a boost from Morgan Advanced Materials’s previous dividend of $5.30. The ex-dividend date of this dividend is Thursday, April 25th. This represents a yield of 2.49%. Morgan Advanced Materials’s dividend payout ratio (DPR) is currently 7,500.00%.
Insider Buying and Selling at Morgan Advanced Materials
In related news, insider Clement Woon bought 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average price of GBX 266 ($3.34) per share, for a total transaction of £39,900 ($50,125.63). In other news, insider Clement Woon bought 15,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average price of GBX 266 ($3.34) per share, with a total value of £39,900 ($50,125.63). Also, insider Pete Raby sold 4,156 shares of Morgan Advanced Materials stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of GBX 285 ($3.58), for a total transaction of £11,844.60 ($14,880.15). Company insiders own 1.40% of the company’s stock.
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.
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